AN EU DILEMMA - EURO BETWEEN A MEANS AND AN AIM IN ITSELF

Lucian C. Ionescu
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Lucian C. Ionescu: Institute for Studies on Financial-Banking, Bucharest, Romania

Journal of Financial and Monetary Economics, 2018, vol. 6, issue 1, 84-87

Abstract: This short paper is dealing with an EU dilemma ever since the enactment of the EU Treatise of Maastricht: is the single currency (euro) a means or an aim per se? Despite almost two decades since euro was launched/issued by the ECB, the dramatic events evolved during that period – especially the burst and consequences of the Great Financial Recession – have made the mentioned dilemma be still actual. A SWOT analysis will raise both pros and cons regarding the role of euro (research in progress). After the ‘experiment’ of unconventional monetary policies, it is high time for a radical improvement of the European monetary union, within an ample debate concerning the international monetary and financial – primarily banking – system.

Keywords: ECB; Treatise of Maastricht; European Monetary Union (search for similar items in EconPapers)
JEL-codes: E58 F15 F33 F36 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:6:y:2018:i:1:p:84-87

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