European Monetary Union From Post Keynesian Perspective

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European Monetary Union From Post Keynesian Perspective

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Jan ZÁPAL

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Jan Zapal

Abstract

Paper deals with the European Monetary Union from perspective of Post Keynesian school of economic thought. It discusses separately arguments often proposed by mainstream economists. After the brief introduction, which highlights main differences between mainstream and Post Keynesian economic theory, work deals in sequence with trade argument often found in discussion about monetary unification, monetary issues mainly with the role of European Central Bank and lastly, work appraises European Monetary Union from international monetary arrangement perspective proposed by Post Keynesian economists. Based on this evaluation, work concludes stating that Post Keynesian economists are more likely not to be overenthusiastic with European monetary unification.

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Article provided by University of Economics, Prague in its journal Politická ekonomie.

Volume (Year): 2005 (2005)
Issue (Month): 5 ()
Pages: 687-704
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Handle: RePEc:prg:jnlpol:v:2005:y:2005:i:5:id:531:p:687-704

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Find related papers by JEL classification:
B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
F15 - International Economics - - Trade - - - Economic Integration
F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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