Monetary and fiscal policy and institutions in the European Monetary Union

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Chapter 6 in The European Monetary Union in a Public Choice Perspective, 2002, pp 123-147 from Edward Elgar Publishing

Abstract: The future of European Monetary Union (EMU) stands as one of the most important economic issues of the era. The author argues that in the event of macroeconomic shocks, rather than acting as a cohesive force, EMU could give rise to disunity. As EMU is not an optimal currency area, asymmetric shocks affecting each country differently could be critical to its future.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2002
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