International Monetary System Of The European Economies

ECON310-1603B-08 Instructor: Janet Hunter Unit 4- International Monetary System Amanda Kranning September, 2016 International monetary system Immigration of refugees into other economies has been an issue in the affected countries that play a vital role in the harboring of refugees. It goes without saying that the influx of refugees comes with some standing effects that may influence the financial system of the recipient countries positively or negatively. Having been an issue for some time European economies are affected by the influx of immigrants. The resulting effects are quite varied and influence some spheres in the economics scale mainly on how the influx of refugees impact the public finances, how the refugees affect the labor markets and what effects it has on healthcare systems. This paper focuses on the diverse effects of the refugees on the European economies at large. Overtime the effects of the arrival of refugees in the European economies have affected the economies significantly more. Reliable resources have proven that migrants contribute less in terms of public finances because apparently they offer minimum taxes as injections into the public expenditure. (Eichengreen, 1998) However, they can do more in terms of contributing to the net expenditure of the affected countries by improving their employment rates. That way, they get to contribute more to the economies in terms of public finance. 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