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Will the Euro Bring Economic Crisis to Europe?

In: What Global Economic Crisis?

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  • Philip Arestis
  • Malcolm Sawyer

Abstract

The initial introduction of the euro has, against many expectations, been accompanied by a decline in its value (notably vis-à-vis the dollar and sterling). It has also been introduced at a time of high levels of unemployment within most of the European Union (EU). This chapter explores how the economies of the EU may suffer from the introduction of the euro, specifically from the policy and institutional arrangements within which the euro is embedded.

Suggested Citation

  • Philip Arestis & Malcolm Sawyer, 2001. "Will the Euro Bring Economic Crisis to Europe?," Palgrave Macmillan Books, in: Philip Arestis & Michelle Baddeley & John McCombie (ed.), What Global Economic Crisis?, chapter 5, pages 78-103, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-333-99274-6_5
    DOI: 10.1057/9780333992746_5
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    Cited by:

    1. Alex Izurieta, 2001. "Can Countries under A Common Currency Conduct Their Own Fiscal Policies?," Macroeconomics 0108008, University Library of Munich, Germany.
    2. Stéfano Figuera, 2002. "The reform of the international monetary system (a Keynesian approach) [La réforme du système monétaire international (une réflexion dans une perspective keynésienne)]," Working Papers hal-01526941, HAL.
    3. Francesco Carlucci & Alessandro Girardi, 2004. "National Specifities and Monetary-Policy Trasmission in Europe," Working Papers in Public Economics 73, University of Rome La Sapienza, Department of Economics and Law.
    4. Jorg Bibow, 2002. "The Monetary Policies of the European Central Bank and the Euro's (Mal-)Performance: A stability-oriented assessment," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(1), pages 31-50.
    5. FIGUERA, Stephano, 2002. "La réforme du système monétaire international : une réflexion dans une perspective keynésienne," LATEC - Document de travail - Economie (1991-2003) 2002-01, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne.
    6. Sheila Dow, 2016. "Ontology and Theory for a Redesign of European Monetary Union," World Economic Review, World Economics Association, vol. 2016(6), pages 1-1, February.
    7. Mathew Shane & David Kelch, 2012. "The Eurozone Sovereign Debt Problem: What It Means for U.S. Exports," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(4), pages 367-381, November.

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