An assessment of economic efficiency of European Currency Union

Alexey Kuznetsov

Economy and Forecasting, 2001, issue 4, 113-127

Abstract: The article focuses on the macroeconomic effects when a country abolishes its national currency in favour of the Euro. The author shows that main additional costs from joining the European monetary union theoretically can appear on the macrolevel as a result of demand shocks, different fiscal systems and economic structures, different preferences of countries about inflation and unemployment etc.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:eip:journl:y:2001:i:4:p:113-127

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