Ten years EMU: an assessment of ten critical claims
نویسنده
چکیده
This paper seeks to review a selection of ten salient critical claims about Economic and Monetary Union (EMU) that were heard in the 1990s in either the Political Science literature or the Economics literature or both. In this paper, the author focuses on five salient Political Science claims and five Economics claims prominent at the time that pointed to problems with EMU that could undermine its viability. As we will see, based on an assessment of the first ten years of EMU, almost none of these claims – to date – turned out to be a problem.
منابع مشابه
Lorenzo Bini Smaghi: Emu@10 – the First Ten Years of Economic and Monetary Union and Future Challenges
In order to do that, I believe that there are a series of clarifications to be made, starting with an assessment of the past ten years. In any balance sheet there are assets and liabilities. The last ten years are full of assets, in many respects. One is the euro, and the creation of an area of monetary stability. Very few believed ten years ago that this could be achieved. I would like to quot...
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