English, Article edition: Ten Years of EMU – Achievements, Drawbacks and Challenges Fritz Breuss

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/99078
Physical Description
  • article
Language
  • English

Edition details

Title
  • Ten Years of EMU – Achievements, Drawbacks and Challenges
Author
  • Fritz Breuss
Physical Description
  • article
Notes
  • The assessment of ten years of EMU remains ambivalent. On the one hand the euro has contributed to price stabilisation and established itself as the world's second reserve currency besides the dollar. Its introduction has also benefited intra euro area trade. On the other hand the expected growth bonus has not yet materialised. Economic growth has been more restrained in the euro area than in countries that are not part of the euro currency area. Despite the complicated and asymmetrical economic policy design of the EMU the institutions have cooperated well and swiftly during the international financial crisis and have tried to cushion the damage to the financial sector and economic growth by coordinating their efforts. For some countries outside the euro area the common currency has gained attractiveness during the crisis. Nevertheless the EMU is facing major challenges. On the one hand the euro area is to be enlarged to include a maximum of the 27 EU countries. On the other hand the significant divergence of the euro area countries' competitiveness raises doubts about the cohesion of the EMU. To improve the effectiveness of a common monetary policy further progress towards a common European business cycle is essential.
  • Währungsunion Euro-Raum Gemeinsame Währung Gesamtwirtschaftliche Effekte
  • RePEc:wfo:monber:y:2009:i:1:p:61-84
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment