Riziká európskej menovej únie
The Risks of European Monetary Union
Author(s): Ján IšaSubject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: costs and benefits of EMU; hypothesis of the endogeneity of OCA criteria; symmetric and asymmetric shocks; asymmetric structure of EMU
Summary/Abstract: This article presents the idea that euro area is an „immature“ monetary union, which is far from optimum currency area. The „immaturity“ of EMU which is associated with its heterogeneous asymmetric economic structure, can be deepened along with further enlargement of European Monetary Union. Single monetary policy does not satisfy various interests of all EMU members
Journal: Ekonomický časopis
- Issue Year: 53/2005
- Issue No: 06
- Page Range: 559-575
- Page Count: 17
- Language: Slovak