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LÕeuro, una moneta completa

Author

Listed:
  • Giacomo Vaciago

    (Università Cattolica del S. Cuore, Facoltà di Economia, Istituto di economia e finanza, Milano)

Abstract

The euro changeover has been a success as millions of Europeans have become accustomed to using the new coins and banknotes. What comes next? So far the benefits of the euro are a product of the "vices" which have been taken away from us. In the case of Italy, the gains have been very low inflation and interest rates. Much more has still to come. First, the euro-zone has to become an optimum currency area: all national markets are required to integrate into one larger and more efficient market. This will lead to faster growth in line with Adam Smith's theory. Second, we still need to transfer foreign policy and defense, along with the euro, to a European level thereby completing the Union.

Suggested Citation

  • Giacomo Vaciago, 2002. "LÕeuro, una moneta completa," Moneta e Credito, Economia civile, vol. 55(219), pages 221-236.
    • Handle: RePEc:psl:moneta:2002:31
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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9790/9675
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    More about this item

    Keywords

    Banknote; Currency; Inflation; Interest Rates; Interest; Money;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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