Implications of EMU for Global Macroeconomic and Financial Stability

Björn Döhring and Heliodoro Temprano-Arroyo

No 343, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: The paper examines the implications of EMU for world macroeconomic and financial stability, distinguishing EMU effects from other global factors at work. It concludes that EMU is having on the whole stabilising effects on the world economy, particularly in neighbouring regions.

Keywords: EMU; macroeconomic volatility; euro; international monetary system; implications of EMU for world macroeconomic and financial stability; Economic Papers; Döhring (search for similar items in EconPapers)
JEL-codes: E42 F31 F41 (search for similar items in EconPapers)
Pages: 62 pages
Date: 2008-10
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0343

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