Who Wants the Euro--And Why? Economic Explanations of Public Attitudes towards a Single European Currency

Manfred Gärtner ()

Public Choice, 1997, vol. 93, issue 3-4, 487-510

Abstract: This paper looks at whether public attitudes towards a single European currency held in the European Union member states reflect a rational evaluation of the involved benefits and costs. It finds that they do: the looser monetary and fiscal policy was in the past, and the more time a country spent in the EMS, the more citizens welcome the euro. Attitudes towards the euro do not seem consistent with attitudes towards a European Central Bank, however. Upon closer scrutiny, opponents of a single currency appear to be less consistent and less rational in their responses than proponents. Copyright 1997 by Kluwer Academic Publishers

Date: 1997
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