- Discuss the advantages and disadvantages relative to a nation maintaining its own individual currency.
- Discuss the EMU and the euro in detail, including the following:
- Its history
- The countries involved
- Its implementation
- How it has functioned over the last decade, noting any issues that had to be overcome
- How did the International Monetary Fund (IMF) reassign the special drawing rights (SDR) as a result of changing from several European currencies to the euro?
- Discuss whether the EMU helped or hindered the development of the European Union.
- Conclude the report with a brief discussion on the possible advantages and disadvantages of the amero, a possible common currency for Canada, Mexico, and the United States, which has come up in the press from time to time. Discuss why you would favor or be against a common currency for North America.
