Die Europäische Währungsunion aus traditioneller und moderner ordnungsökonomischer Perspektive

Lars Feld, Ekkehard Köhler and Daniel Nientiedt

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2018, vol. 69, issue 1, 65-84

Abstract: Is the European Monetary Union a “good ” monetary constitution from an ordoliberal point of view? To answer this question, we distinguish between a traditional and a modern ordoliberal perspective. We explain the traditional perspective on monetary constitutions and compare it to arguments advanced by modern constitutional economics, in particular the work of James M. Buchanan. With this paper, we argue that ordoliberalism should be modernised in order to better participate in the international economic discourse.

Keywords: Geldordnung; Geldpolitik; Ordnungsökonomik; Konstitutionenökonomik (search for similar items in EconPapers)
JEL-codes: B22 E02 E42 E58 E61 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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DOI: 10.1515/ordo-2019-0007

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