It is rare for countries to give up their currencies and thus their
ability to influence such critical aspects of their economies as
interest and exchange rates. Yet ten years ago a number of European
countries did exactly that when they adopted the euro. Despite some
dissent, there were a number of arguments in favor of this policy
change: it would facilitate exchange of goods, money, and people by
decreasing costs; it would increase trade; and it would enhance
efficiency and competitiveness at the international level. A decade is
an ideal time frame over which to evaluate the success of the euro and
whether it has lived up to expectations. To that aim, Europe and the
Euro looks at a number of important issues, including the effects of
the euro on reform of goods and labor markets; its influence on
business cycles and trade among members; and whether the single
currency has induced convergence or divergence in the economic
performance of member countries. While adoption of the euro may not
have met the expectations of its most optimistic proponents, the
benefits have been many, and there is reason to believe that the euro
is robust enough to survive recent economic shocks. This volume is an
essential reference on the first ten years of the euro and the
workings of a monetary union.
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Produktdetaljer
ISBN
9780226012858
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter