The euro: It can't happen, It's a bad idea, It won't last. US economists on the EMU, 1989-2002
AbstractThis study of approximately 170 publications shows (a) that US academic economists concentrated on the question "Is the EMU a good or bad thing?", usually adopting the paradigm of optimum currency areas as their main analytical vehicle, (b) that they displayed considerable scepticism towards the single currency, (c) that economists within the Federal Reserve System had a less analytical and a more pragmatic approach to the single currency than US academic economists, and (e) that US economists adjusted their views and analytical approach as European monetary unification progressed. In particular, the traditional optimum currency approach was gradually put into question.
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Bibliographic InfoPaper provided by Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers with number 395.
Length: 56 pages
Date of creation: Dec 2009
Date of revision:
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More information through EDIRC
The euro; optimum currency area; ECB; EMU; Federal Reserve System; monetary unification; Europe; United States; Jonung; Drea;
Find related papers by JEL classification:
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-08 (All new papers)
- NEP-CBA-2010-05-08 (Central Banking)
- NEP-EEC-2010-05-08 (European Economics)
- NEP-HIS-2010-05-08 (Business, Economic & Financial History)
- NEP-HPE-2010-05-08 (History & Philosophy of Economics)
- NEP-IFN-2010-05-08 (International Finance)
- NEP-MON-2010-05-08 (Monetary Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Savonarola vs Paperoga: decrescita e endogenità delle aree valutarie ottimali
by Alberto Bagnai in Goofynomics on 2011-12-31 17:42:00
- Euro: una catastrofe annunciata
by Alberto Bagnai in Goofynomics on 2011-12-03 22:50:00
- Euro: una catastrofe annunciata
by redazione in Appello al popolo on 2011-12-04 14:55:29
- Ludger Schuknecht & Philippe Moutot & Philipp Rother & Jürgen Stark, 2011.
"The Stability and Growth Pact: Crisis and Reform,"
CESifo DICE Report,
Ifo Institute for Economic Research at the University of Munich, vol. 9(3), pages 10-18, October.
- Klaus Regling & Servaas Deroose & Reinhard Felke & Paul Kutos, 2010. "The Euro After Its First Decade : Weathering the Financial Storm and Enlarging the Euro Area," Governance Working Papers 22817, East Asian Bureau of Economic Research.
- Karsai ZoltÃ¡n-KrisztiÃ¡n, 2012. "Does The Maastricht Convergence Criteria Work?," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 107-114, December.
- Sergio Cesaratto, 2012. "Harmonic and Conflict Views in International Economic Relations: a Sraffian view," Department of Economics University of Siena 651, Department of Economics, University of Siena.
- Mario Sarcinelli, 2013. "The European Banking Union: Will It Be a True Union without Risk Sharing?," PSL Quarterly Review, Economia civile, vol. 66(265), pages 137-167.
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