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Evropská měnová unie z post-keynesovské perspektivy
[European monetary union from post keynesian perspective]

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  • Jan Zápal

Abstract

Paper deals with the European Monetary Union from perspective of Post Keynesian school of economic thought. It discusses separately arguments often proposed by mainstream economists. After the brief introduction, which highlights main differences between mainstream and Post Keynesian economic theory, work deals in sequence with trade argument often found in discussion about monetary unification, monetary issues mainly with the role of European Central Bank and lastly, work appraises European Monetary Union from international monetary arrangement perspective proposed by Post Keynesian economists. Based on this evaluation, work concludes stating that Post Keynesian economists are more likely not to be overenthusiastic with European monetary unification.

Suggested Citation

  • Jan Zápal, 2005. "Evropská měnová unie z post-keynesovské perspektivy [European monetary union from post keynesian perspective]," Politická ekonomie, Prague University of Economics and Business, vol. 2005(5), pages 687-701.
    • Handle: RePEc:prg:jnlpol:v:2005:y:2005:i:5:id:531:p:687-704
    DOI: 10.18267/j.polek.531
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    More about this item

    Keywords

    European monetary union; European Central Bank; Post Keynesian economics; international monetary arrangement; Thirlwall?s law;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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