The Expected Failure of the European Economic and Monetary Union: A False Money against the Real Economy

Alain Parguez
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Alain Parguez: University of Franche Comte

Eastern Economic Journal, 1999, vol. 25, issue 1, 63-76

Abstract: To convince international financial investors of the high real value of the Euro, the EMU has established rules that must be enforced in both the short and the long run. These rules are explained and the economics behind them criticized in the context of a monetary production economy in which financial markets play a central role. It is argued that the Euro cannot be an anchor for a new world financial order.

Keywords: EMU; Monetary Union; Monetary; Money (search for similar items in EconPapers)
JEL-codes: E42 F33 F36 (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:25:y:1999:i:1:p:63-76

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