Browsing by Author "Figueroa Araneda, Juan Enrique"
Now showing 1 - 1 of 1
- Results Per Page
- Sort Options
Thesis EURO Y COMPETITIVIDAD(2017) Figueroa Araneda, Juan Enrique; Departamento de Ingeniería Comercial; Fuenzalida O'Shee, Darcy ElizardoThe Eurozone is the set of member states of the European Union that have adopted the Euro as currency, establishing a monetary union. The countries participating in the European Union that use the euro are: Austria, Belgium, Cyprus, Germany , Estonia , Greece, Spain , Finland, France, Ireland , Italy , Luxembourg , Malta , Netherlands, Portugal , Slovenia, Slovakia.In 2002, twelve states that have adopted the euro, began with the movement of the new modeda. The European Central Bank is responsible for regulating the monetary policy of the eurozone in order to keep inflation low, while the European Commission is one that ensures stability of the countries.The Euro is a flexible exchange rate, which is automatically regulated by the market and the ECB is not involved in regulation.The European Union fell into crisis since the end of 2007. Initiating the crisis began with the low interest rates in the different loans granted, due to the reliability and credibility of the ECB in controlling inflation. Causing domestic spending countries increased sharply, especially in countries where the reduction of interest rates was higher, such as Spain, Portugal, Ireland, Greece and Italy. These countries lost competitiveness by financial deficits products of foreign debt. Moreover, this financial expense caused by low interest rates, were caused and facilitated by a financial sector weakness in systems to assess risk, with weak regulation.How D' Andrea Tyson said, 1992, competitiveness is our ability to produce goods and services that meet the test of international competition while our citizens enjoy a level of growing and sustainable living. Our ability to produce goods and services that meet the test of international competition while our citizens enjoy a level of growing and sustainable living (D' Andrea Tyson, 1992, cited in A. Warner, 2006).The countries of Southern Europe, belonging to the Eurozone, its external debts have increased sharply, Spain and Italy are the big losers on public monetary policies to control the crisis. The situation of the countries of Southern Europe present with certain homogeneity. All countries analyzed, ie Greece, Spain, Italy, Portugal and Ireland have a growing external debt at very high levels, even reaching a percentage ratio to GDP of 150.00 % for Greece. Their growth and inflation have entered periods of economic slowdown and even regression. These countries are in a better position against a weak euro and strong one that increases export competitiveness
Política de Privacidad 
