The Eurozone and Brexit

Stuart Medina Miltimore and William Mitchell

Chapter 7 in Modern Monetary Theory, 2023, pp 152-181 from Edward Elgar Publishing

Abstract: In this chapter, we will examine the viability of the European Union, with a particular focus on the Economic and Monetary Union (EMU) given the architectural flaws in the design of the common currency that have been exposed by the Global Financial Crisis, and, more recently, by the pandemic. We will briefly explore the history of integration in Europe and the circumstances that led to the creation of the common currency. We will consider the logic of Britain's decision to avoid entry to the EMU in the 1990s and more recently to exit the European Union.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2023
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