From: "Tim Murphy" <info-AT-cinox.demon.co.uk>
Subject: RE: BHA: RE: On economics , EU and CR
Date: Fri, 3 Jan 2003 16:15:33 -0000


But why would anyone go by "economic classics"?



-----Original Message-----
From: owner-bhaskar-AT-lists.village.virginia.edu
[mailto:owner-bhaskar-AT-lists.village.virginia.edu]On Behalf Of dbwanika
Sent: 03 January 2003 08:18
To: bhaskar-AT-lists.village.virginia.edu
Subject: Re: BHA: RE: On economics , EU and CR


Tim 

That is an interesting observation, which raises interesting
methodological points. Now assume that prior to the Euro (Mark) the Mark
(Germany) was let us say   equivalent to 4. 6 units in a country x 's
currecy.

Today the country X's currency  we can assume is 1: 9.8 units .

Going by economic classics , it will imply that country x will have many
economic advantages against Germany Euro Mark. E. g. lower production
cost, including wages, higher inflation rates i,e. from investment,
capital inflow etc.

However interesting so, is that in the hard financial markets there has
not been so great a paradigm shift- which in itself is paradox.  I still
would like to under this phenomenon.


Bwanika





> The Euro is the Mark!
> 
> 
> 
> -----Original Message-----
> From: owner-bhaskar-AT-lists.village.virginia.edu
> [mailto:owner-bhaskar-AT-lists.village.virginia.edu]On Behalf Of dbwanika
> Sent: 02 January 2003 17:31
> To: bhaskar-AT-lists.village.virginia.edu
> Subject: BHA: On economics , EU and CR
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> There is a small currecy phenomenon which needs to be understood.
> 
> Countries which are now in the European Union, which had and still
have
> strong trading relations with Germany used to  argue that their
> economies were affected i.e. by a strong Germany currency (Mark) and
> indeed other factors like trade union conflicts in Germany which
> actually used to affect economics factors in those respective
countries. 
> 
> However, what is  amazing and I need to understand is how the
> non-existence of the Germany mark  has not eradicated the problems
> linked to it, in those countries which still have strong trading ties
> with Germany! 
> 
> What is the explanation to their inflation, trade balance, labour
> conflicts and wage demand etc,? Can we take initial explanation as
> wrong?
> 
> Please economist help.
> 
> 
> 
> 
> 
> 
> 
> 
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______________
 
   
   Bwanika


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