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Euro or not euro – that is not the question! Economic well-being and the fate of the Economic and Monetary Union

Author

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  • Arne Heise

    (University of Hamburg, Germany)

Abstract

It will be argued that it is not of fundamental importance for growth and employment whether the EU clings to the euro or allows for a dissolution of the eurozone and a re-emergence of national currencies but how multi-level macroeconomic coordination of different policy areas and nation-states will be achieved. Given that this insight is based on an alternative economic reasoning which is (still) not the common view of most political and economic actors relevant in the EU, it will be analysed under which conditions it would be recommendable to maintain the euro or to re-establish national currencies.

Suggested Citation

  • Arne Heise, 2015. "Euro or not euro – that is not the question! Economic well-being and the fate of the Economic and Monetary Union," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(4), pages 443–456-4, October 2.
    • Handle: RePEc:elg:rokejn:v:3:y:2015:i:4:p443-456
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    Citations

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    Cited by:

    1. Ritzen, Jo & Haas, Jasmina, 2016. "A Sustainable Euro Area with Exit Options," IZA Policy Papers 120, Institute of Labor Economics (IZA).
    2. Pompeo Della Posta & Enrico Marelli & Marcello Signorelli, 2020. "A market‐financed and growth‐enhancing investment plan for the euro area," Metroeconomica, Wiley Blackwell, vol. 71(3), pages 604-632, July.

    More about this item

    Keywords

    European integration; neo-functionalism; neo-realism;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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