Euro

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Euro
The European Integration has led to different effects on the people around the globe, and this made the Swedish government go on a referendum on the euro issue in the year 2003. The event was an extraordinary occurrence for various scholars of the European economic integration and unions that deal in monetary issues. Research on the referendum and subsequent solutions were documented by Vlachos Jonas and Jonung Lars and the publication was dubbed “The euro – what’s in it for me, An Economic Analysis of the Swedish Euro Referendum of 2003”. This paper presents the publication, its relevance, strong points, weak points and areas of improvement.
Jonung and Vlachos confirm that the citizens from Sweden had a choice between maintaining their normal currency, and the use of the euro. The European Union makes use of the euro as their single currency, hence the main idea of including Sweden in its use. The voters were supposed to indicate an NO or YES in the referendum to denote their acceptance or refusal for the euro use. There were however various divisions that were significant in different areas like location, education, industrial structure, income, employment and sex (55).
The purpose of the publication was to consider the various behaviors that often exist between voters. The analysis of the results from the referendum was based on the OCA approach. The approach was used to close the gap between the reduced costs of transact…