Monetary Union - Advantages and Disadvantages of Joining the Eurozone

[@medz31]

Thank you so much, had been struggling so much to understand the advantages and disadvantages of joining a currency union prior to this but you explain things in such a simple and easy to understand way make sure to comprehensively cover all aspects of each topic. Really appreciate your channel!

[@voberoi8832]

Thanks so much! This was by far the clearest explanation I've ever gotten on the Eurozone; and is likely to save my behind on my exam today!

[@vihaanmatteo5555]

I guess Im asking the wrong place but does someone know a way to get back into an Instagram account?
I was dumb lost my account password. I would appreciate any tricks you can offer me!

[@chocolattefeverdreams4228]

Wow this is easier to understand than when my actual Econ teacher explains it. Thank you!

[@Meettheclassics]

So much better than my teacher thank you so much!!

[@Arctic-l2h]

anyone still here?

[@Killerkwoi13]

i'm fairly certain there's 19 eurozone nations not 17 00:44

[@EconplusDal]

Killerkwoi13 Good point! Apologies

[@samsad3970]

@@EconplusDal hey sexy

[@elliotn125]

@@samsad3970hey

[@LindaAndrews-ly1qf]

Pros:
Stable currency so more stability, more investment, more trade, more confidence (non-fluctuating exchange rate)
Less cost due to no need for currency conversion
More confidence
Less speculative attacks (no under or over valuation of exchange rate)
Cons
Lose monetary autonomy so differing situations
No potential to alter exchange rate to improve trade account
Cost of currency conversion
Lack of a fiscal Union

[@valerieurdich4316]

this was great! really helped me, I was panicking a few minutes ago (exam tomorrow) but this reassured me to think its not that difficult after all =)

[@sanchiajogessar139]

Thanks so much! Cleared up a few confusing bits for me :)

[@AlevelStudent-c1y]

On the AQA Spec, it states the eurozone as a currency union. Is a currency union and a monetary union the same thing?

[@maday9425]

yes

[@elliotn125]

It could be possible

[@drenmatoshi929]

Hi Sir,
Would the process of Dollarization in itself produce a monetary union? God bless you for all this brilliant videos as they really have helped me.
Thanks

[@hustler-music]

you're so amazing Dal thanks so much :)

[@adamellis2938]

Brilliant video, thanks for uploading!!

[@__-kg4jt]

Hello, it's been 5 years just wanted to check how you are doing

[@piainoman]

This is Gold.

[@thomasjones9752]

Massive help mates cheers

[@ismail7150]

Amazing, thank you so much!

[@Joe76571]

First video i ve ever seen without any dislikes lol

[@nehachauhan160]

Really helpful, thanks !!

[@martinspaul2340]

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[@maximk7816]

You know for some countries having control on your own currency is exactly the problem. As a Ukrainian I wish if Ukraine was a part of Eurozone and got rid of our own fake money. Our bank could manage the rate of our hrivna in a way it wants and only in worst direction, but for people every fall of national currency is a big pain. We do not believe in hrivna anymore. We can't rely on our currency and can't assess the value of our work in our currency! We want Euro. The stable strong currency we can trust.

[@patrickbunker9]

You're a hero

[@BlacklightSummerOfficial]

Eyyyy what type of water is that? It’s Patek water!

[@Zlinky111]

Excellent. Thank you. : )

[@theojeong521]

vikkstar

[@kacchanteh6532]

123

[@elliotn125]

Thank

[@tanianjogu3624]

Thank you!!!!

[@zakabug04]

thanks a lot!

[@juliakupriyanova5749]

thank you!