The Hidden Alternative

Brendan Brown

Chapter 1 in Euro on Trial, 2004, pp 1-26 from Palgrave Macmillan

Abstract: Abstract Was the launch of the euro an expensive and dangerous mistake for the peoples of Europe? If so, who was to blame? And what are the escape routes — either in the form of bold reform or of break-up? These questions — and the responses — form the substance of the present volume. Only the last question — and the attempt to answer it by drafting detailed scenarios in which present member countries could exit from monetary union — is new. The potential costs and benefits and the motives or competence of the policy-makers had been extensively debated in the roughly three decades up until the realization of European Monetary Union (EMU) in 1999.

Keywords: Exchange Rate; Monetary Policy; Central Bank; Real Exchange Rate; European Central Bank (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50859-0_1

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DOI: 10.1057/9780230508590_1

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