Consequences of the Euro: Monetary Union, Economic Disunion?

4 Pages Posted: 20 Apr 2016

See all articles by Enrique Martínez-García

Enrique Martínez-García

Federal Reserve Bank of Dallas - Research Department

Valerie Grossman

Federal Reserve Banks - Federal Reserve Bank of Dallas

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

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

Enrique Martinez-Garcia (Contact Author)

Federal Reserve Bank of Dallas - Research Department ( email )

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States
214-922-5262 (Phone)

HOME PAGE: http://sites.google.com/view/emgeconomics

Valerie Grossman

Federal Reserve Banks - Federal Reserve Bank of Dallas ( email )

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States

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