Consequences of the Euro: monetary union, economic disunion?

Valerie Grossman and Enrique Martínez García ()

Economic Letter, 2016, vol. 11, issue 2, 4 pages

Abstract: 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.

Date: 2016
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