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Die Europäische Währungsunion aus traditioneller und moderner ordnungsökonomischer Perspektive

Author

Listed:
  • Feld Lars P.

    (Universität Freiburg und Walter Eucken Institut, Deutschland)

  • Köhler Ekkehard A.

    (Walter Eucken InstitutFreiburg, Deutschland)

  • Nientiedt Daniel

    (Walter Eucken InstitutFreiburg, Deutschland)

Abstract

Is the European Monetary Union a “good ” monetary constitution from an ordoliberal point of view? To answer this question, we distinguish between a traditional and a modern ordoliberal perspective. We explain the traditional perspective on monetary constitutions and compare it to arguments advanced by modern constitutional economics, in particular the work of James M. Buchanan. With this paper, we argue that ordoliberalism should be modernised in order to better participate in the international economic discourse.

Suggested Citation

  • Feld Lars P. & Köhler Ekkehard A. & Nientiedt Daniel, 2018. "Die Europäische Währungsunion aus traditioneller und moderner ordnungsökonomischer Perspektive," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 69(1), pages 65-84, July.
    • Handle: RePEc:bpj:ordojb:v:69:y:2018:i:1:p:65-84:n:6
    DOI: 10.1515/ordo-2019-0007
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    References listed on IDEAS

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    15. Feld, Lars P. & Köhler, Ekkehard A. (ed.), 2015. "Wettbewerbsordnung und Monopolbekämpfung," Untersuchungen zur Ordnungstheorie und Ordnungspolitik, Mohr Siebeck, Tübingen;Walter Eucken Institut, Freiburg, Germany, edition 1, volume 67, number urn:isbn:9783161539633, December.
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    Cited by:

    1. Schnellenbach, Jan, 2021. "The concept of Ordnungspolitik: Rule-based economic policy-making from the perspective of the Freiburg School," Freiburg Discussion Papers on Constitutional Economics 21/7, Walter Eucken Institut e.V..

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    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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