Will the Euro Bring Economic Crisis to Europe?

Philip Arestis and Malcolm Sawyer ()

Chapter 5 in What Global Economic Crisis?, 2001, pp 78-103 from Palgrave Macmillan

Abstract: Abstract The initial introduction of the euro has, against many expectations, been accompanied by a decline in its value (notably vis-à-vis the dollar and sterling). It has also been introduced at a time of high levels of unemployment within most of the European Union (EU). This chapter explores how the economies of the EU may suffer from the introduction of the euro, specifically from the policy and institutional arrangements within which the euro is embedded.

Keywords: Interest Rate; European Union; Monetary Policy; European Central Bank; Budget Deficit (search for similar items in EconPapers)
Date: 2001
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Working Paper: Will The Euro Bring Economic Crisis to Europe? (2001)
Working Paper: Will the Euro Bring Economic Crisis to Europe? (2001)
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DOI: 10.1057/9780333992746_5

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