EMU Is Dead: Long Live EMU!

Brendan Brown

Chapter 8 in Euro Crash, 2014, pp 227-254 from Palgrave Macmillan

Abstract: Abstract When the first edition of this book was published in early 2010 it was still far from evident that a jury made up of citizens from across the euro-zone, appropriately chosen so as to be representative of diversity would sustain any of the indictments against EMU and the ECB. And a final catch-all indictment in the form ‘it would have been better if EMU had never existed’ stood hardly any chance of being upheld. Now, four years and two editions on, there is a much greater likelihood that a jury would deliver a guilty verdict, though much would still depend on the power of advocacy used by both sides. There are many floating half-credible hypotheses and prejudices out there which the defence attorneys for EMU and the ECB could bring before the jury.

Keywords: Exchange Rate; Central Bank; Member Country; Monetary Union; Monetary Base (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37149-2_8

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DOI: 10.1057/9781137371492_8

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