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The EMU State

In: Proper Economic Policies Under the Post-Pandemic Era

Author

Listed:
  • Philip Arestis

    (University of Cambridge)

  • Nikolaos Karagiannis

    (Winston-Salem State University)

Abstract

We begin this section with the history of economic policies of the European Monetary Union, in relation to the European Union more generally. The overall conclusion of this section is that economic policies are very important, but more precisely coordination of the policies, in terms of monetary and fiscal as well as financial stability policies, is of paramount relevance and should be adopted. But this policy coordination requires that fiscal policies are determined centrally over the European Union, a very important development, which can occur when the European Union becomes United States of Europe (see, also, Chadha et al. 2012).

Suggested Citation

  • Philip Arestis & Nikolaos Karagiannis, 2025. "The EMU State," Springer Books, in: Proper Economic Policies Under the Post-Pandemic Era, chapter 0, pages 195-241, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-88520-4_5
    DOI: 10.1007/978-3-031-88520-4_5
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