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An assessment of economic efficiency of European Currency Union

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  • O. Kuznetsov

Abstract

The article focuses on the macroeconomic effects when a country abolishes its national currency in favour of the Euro. The author shows that main additional costs from joining the European monetary union theoretically can appear on the macrolevel as a result of demand shocks, different fiscal systems and economic structures, different preferences of countries about inflation and unemployment etc.

Suggested Citation

  • O. Kuznetsov, 2001. "An assessment of economic efficiency of European Currency Union," Economy and Forecasting, Valeriy Heyets, issue 4, pages 113-127.
    • Handle: RePEc:eip:journl:y:2001:i:4:p:113-127
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    File URL: http://eip.org.ua/docs/EP_01_4_113_uk.pdf
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