IDEAS home Printed from https://ideas.repec.org/a/fip/feddel/y2012isepnv.7no.9.html
   My bibliography  Save this article

One-size-fits-all monetary policy: Europe and the U.S

Author

Listed:
  • Mark A. Wynne
  • Janet Koech

Abstract

The ongoing euro-area crisis is seen by many as vindication of skeptics who said that a monetary union encompassing a disparate group of countries is doomed to fail because the countries do not constitute what economists call an optimum currency area. Thus, they argued, a one-size-fits-all monetary policy that goes with participation in an alliance such as the European Economic and Monetary Union (EMU) creates strains that ultimately prove insurmountable.

Suggested Citation

  • Mark A. Wynne & Janet Koech, 2012. "One-size-fits-all monetary policy: Europe and the U.S," Economic Letter, Federal Reserve Bank of Dallas, vol. 7(sep).
  • Handle: RePEc:fip:feddel:y:2012:i:sep:n:v.7no.9
    as

    Download full text from publisher

    File URL: http://www.dallasfed.org/assets/documents/research/eclett/2012/el1209.pdf
    Download Restriction: no

    File URL: http://www.dallasfed.org/research/eclett/2012/el1209.cfm
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christoph A. Schaltegger & Martin Weder, 2013. "Will Europe Face A Lost Decade? A Comparison With Japan's Economic Crisis," CREMA Working Paper Series 2013-03, Center for Research in Economics, Management and the Arts (CREMA).
    2. Suni, Paavo & Vihriälä, Vesa, 2016. "Finland and Its Northern Peers in the Great Recession," ETLA Reports 49, The Research Institute of the Finnish Economy.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:feddel:y:2012:i:sep:n:v.7no.9. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Amy Chapman). General contact details of provider: http://edirc.repec.org/data/frbdaus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.