Consequences of the Euro: Monetary Union, Economic Disunion?
4 Pages Posted: 20 Apr 2016
Date Written: 2016
Abstract
Forming a monetary union brings the benefits of a shared currency but also—as the experience of the euro area shows in the years following the global financial crisis—significant costs associated with the loss of monetary policy independence and exchange rate flexibility.
Suggested Citation: Suggested Citation
Martinez-Garcia, Enrique and Grossman, Valerie, Consequences of the Euro: Monetary Union, Economic Disunion? (2016). Economic Letter, Vol. 11, Issue 2, pp. 1-4, 2016, Available at SSRN: https://ssrn.com/abstract=2767363
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.