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Zu den Voraussetzungen der Europäischen Währungsunion

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  • Siebert, Horst

Abstract

• Eine Währungsunion von politisch souveränen Staaten benötigt eine gemeinsame Philosophie über die Ent-Politisierung des Geldwesens. • Eine Währungsunion braucht ein einigermaßen einheitliches ökonomisches Erklärungsparadigma für monetäre Phänomene. • Die nationale Finanzpolitik muß sich in einer Währungsunion binden, damit politischer Druck auf die Europäische Zentralbank vermieden wird, eine eher laxe Geldpolitik zu betreiben. • In einer Währungsunion müssen die nationalen Arbeitsmärkte flexibler werden, sonst nimmt die Arbeitslosigkeit zu. • Eine Sozialunion würde die Arbeitslosigkeit in Europa erhöhen; sie ist in einer Währungsunion schwerer zu realisieren. Im Interesse von mehr Beschäftigung muß eine Sozialunion zurückgestellt werden. • Eine Währungsunion geht mit einem größeren Transferbedarf einher. Die Höhe der Transfers nimmt mit der Heterogenität der Mitgliedsländer zu. • Die Erfüllung der Kriterien für die Aufnahme in die Währungsunion ist für die Funktionstüchtigkeit des neu zu schaffenden Geldwesens erforderlich. Wenn die Kriterien gedehnt werden, verliert das Vorhaben an Glaubwürdigkeit. • Eine Teilwährungsunion darf nicht zur Spaltung Europas führen.

Suggested Citation

  • Siebert, Horst, 1997. "Zu den Voraussetzungen der Europäischen Währungsunion," Kiel Discussion Papers 289, Kiel Institute for the World Economy.
    • Handle: RePEc:zbw:ifwkdp:289
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    References listed on IDEAS

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    1. von Hagen, Jurgen & Neumann, Manfred J M, 1994. "Real Exchange Rates within and between Currency Areas: How Far Away Is EMU?," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 236-244, May.
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    1. Helmut Kramer, 1997. "Editorial. Wirtschaftspolitische Überlegungen zum Stabilitäts- und Wachstumspakt," WIFO Monatsberichte (monthly reports), WIFO, vol. 70(6), pages 363-371, June.
    2. Schweickert, Rainer, 1997. "The challenges of monetary convergence in Europe," Kiel Working Papers 814, Kiel Institute for the World Economy.

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