Economics of Monetary Union

Stephen Frank Overturf

Chapter Nine in Money and European Union, 1997, pp 139-157 from Palgrave Macmillan

Abstract: Abstract In what has become a traditional approach, the economics of monetary union in Europe is now commonly analyzed in terms of costs and benefits. This approach has the advantage of using a format that is generally understood by economists and others alike to emphasize the general fact that everything has a cost, and proper consideration of a proposed project needs to assess the costs as well as the benefits. In addition, such an approach holds the promise that a rational decision can be forthcoming if the costs and benefits are correctly identified and measured.

Keywords: Exchange Rate; Monetary Policy; Central Bank; Real Exchange Rate; Monetary Union (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-62370-9_9

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DOI: 10.1007/978-1-349-62370-9_9

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