Consequences of the Euro: monetary union, economic disunion?
Enrique Martinez-Garcia () and
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Enrique Martinez-Garcia: Federal Reserve Bank of Dallas
Valerie Grossman: Federal Reserve Bank of Dallas
Authors registered in the RePEc Author Service: Enrique Martínez García ()
Economic Letter, 2016, vol. 11, issue 2, 4 pages
Forming a monetary union brings the benefits of a shared currency but also—as the experience of the euro area shows in the years following the global financial crisis—significant costs associated with the loss of monetary policy independence and exchange rate flexibility.
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