ECON2322 final exam 2008 - integration? Question 4 In what...

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, 1:75 , THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ECONOMICS EUROPEAN INTEGRATION ECON2322 / EUR02600 SESSION 2,2008 FINAL EXAMINATION TIME ALLOWED - TWO (2) HOURS. TOTAL NUMBER OF QUESTIONS - SIX (6) ANSWER ANY THREE (3) QUESTIONS THIS EXAMINATION IS WORTH 60% OF THE TOTAL MARKS FOR THE SUBJECT. QUESTIONS ARE OF EQUAL VALUE ANSWERS MUST BE WRITTEN IN INK. THIS PAPER MAY BE RETAINED BY THE CANDIDATE. Page 1
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Question 1 Critically discuss the role ofthe United States in the process ofEuropean integration Question 2 What was the balance ofpayments issue in Europe in the first decade after the end of the WW2? What was the role ofthe EPU in relation to this question? Question 3 Can the Common Market/EEC/European Union be portrayed as a custom Union? What are the limitations ofthe custom union approach to the analysis ofEuropean
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Unformatted text preview: integration? Question 4 In what way can neomercantilism be considered a persistent feature of European integration? (hint: explain the link between net export orientated growth and neomercantilims). How did it manifest itself in (a) the period of fixed exchange rates (b) flexible exchange rates? Question 5 Why was the EMS formed in 1979? What was the difference relatively to the 'snake'? Why did it collapse? Question 6 Explain the working ofEMU. What is the implication ofthe EMU for fiscal policy both at the European and the level of the individual countries. Is the EMU and the fiscal policy implications doing away with European neomercantilism? END OF EXAM Page 2...
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ECON2322 final exam 2008 - integration? Question 4 In what...

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