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EMU: An Outsider's Perspective

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  • Barry Eichengreen.

Abstract

It is appropriate to conlude on a modest note. Economists really know little about the costs and benefits of monetary unification. We have trouble modelling the increase in economic efficiency associated with a single currency, and we disagree about value of an independent monetary policy.

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Bibliographic Info

Paper provided by University of California at Berkeley in its series Center for International and Development Economics Research (CIDER) Working Papers with number C96-079.

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Date of creation: 01 Dec 1996
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Handle: RePEc:ucb:calbcd:c96-079

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Cited by:
  1. McCoy, Daniel, 1997. "How useful is Structural VAR Analysis for Irish economics?," Research Technical Papers 2/RT/97, Central Bank of Ireland.

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