How to 'Amero', the New Phenomenon of Global Economy

'The concept of the Amero is similar to the European experience since year 1999 with the implementation of the Euroland Euro whereby it replaced iconic currencies such as the French franc, German mark, Italian lira to name just a few. The new euro common currency zone for the most part is very stable economically with a sound currency and low inflation. Various rules and regulations are put in place for each member state who participates within the Euro zone such as limiting deficit financing to three percent of GDP.'

The global war on economy is being fought on various diverse frontiers. But its an irony that we often take least interest in these happenings around us and as a result we are fail to grasp the new opportunities as well as to confront with emerging realities. The 'Amero' which is also known as NAMU (North American Monetary Unit) is one of such emerging realities. It is a potential proposed concept currency to replace the three currencies currently in circulation within North America. If the Amero takes hold, it would replace the Mexican peso, the United States dollar and the Canadian dollar which are presently circulating as respective national currencies today.

The new currency would not only have its global impacts after coming into circulation but it has already making huge dent in world economy. As we go back to history of this phenomenon, following the implementation of the North American Free Trade Agreement (NAFTA) in January 1994, these three countries advanced to the next step of further economic integration with greater economic association between each of their respective economies. The next logical step from economic association is to enter into a monetary union arrangement whereby the new North American economic & currency zone would share one common central bank, one common interest rate and similar inflation rates.

The concept of the Amero is similar to the European experience since year 1999 with the implementation of the Euroland Euro whereby it replaced iconic currencies such as the French franc, German mark, Italian lira to name just a few. The new Euro common currency zone for the most part is very stable economically with a sound currency and low inflation. Various rules and regulations are put in place for each member state who participates within the Euro zone such as limiting deficit financing to three percent of GDP.

As far as the benefits are being envisaged by issuance of new currency, the proposed benefits of adopting a common currency for the North American currency zone include an increase in productivity, a decrease in volatility of the Amero currency, removal of currency risks for those trading within the zone, reduced costs of trade - transaction, an increase in the overall standard of living while providing for an enhanced quality of life.

The idea is though confronting with many challenges and these are mainly political to get it launched. With the Euro zone, Sweden rejected adopting the Euro as new nationa

The global war on economy is being fought on various diverse frontiers. But its an irony that we often take least interest in these happenings around us and as a result we are fail to grasp the new opportunities as well as to confront with emerging realities. The 'Amero' which is also known as NAMU (North American Monetary Unit) is one of such emerging realities. It is a potential proposed concept currency to replace the three currencies currently in circulation within North America. If the Amero takes hold, it would replace the Mexican peso, the United States dollar and the Canadian dollar which are presently circulating as respective national currencies today.

The new currency would not only have its global impacts after coming into circulation but it has already making huge dent in world economy. As we go back to history of this phenomenon, following the implementation of the North American Free Trade Agreement (NAFTA) in January 1994, these three countries advanced to the next step of further economic integration with greater economic association between each of their respective economies. The next logical step from economic association is to enter into a monetary union arrangement whereby the new North American economic & currency zone would share one common central bank, one common interest rate and similar inflation rates.

The concept of the Amero is similar to the European experience since year 1999 with the implementation of the Euroland Euro whereby it replaced iconic currencies such as the French franc, German mark, Italian lira to name just a few. The new Euro common currency zone for the most part is very stable economically with a sound currency and low inflation. Various rules and regulations are put in place for each member state who participates within the Euro zone such as limiting deficit financing to three percent of GDP.

As far as the benefits are being envisaged by issuance of new currency, the proposed benefits of adopting a common currency for the North American currency zone include an increase in productivity, a decrease in volatility of the Amero currency, removal of currency risks for those trading within the zone, reduced costs of trade - transaction, an increase in the overall standard of living while providing for an enhanced quality of life.

The idea is though confronting with many challenges and these are mainly political to get it launched. With the Euro zone, Sweden rejected adopting the Euro as new nationa