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The Euro from a Business Perspective

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  • Dilger, Alexander

    (Institute for Organisational Economics, University of Münster, Germany)

Abstract

The euro area has several problems. Nevertheless, there is not only strong political support for it, but also most companies back the euro or at least do not complain. It is worthwhile to analyse which companies do profit from the euro and why most others do not oppose it. Exporting companies in the northern countries of the euro zone profit from the euro and the policies to save the common currency even if their countries and people suffer. Other companies, especially in the southern member countries, suffer themselves but fear a break-up of the euro area even more than its continuance. For small companies it is not worthwhile to lobby for other policies, while the companies worst affected already ceased to exist. All companies have to come to terms with the euro but should also prepare for the possible end of the euro zone. Companies in other European countries should reconsider whether they really want their countries to join the euro area. L’euro dal punto di vista dell’impresa L’Eurozona ha diversi problemi. Ciononostante, l’euro gode di un forte sostegno politico e anche molte aziende lo supportano o per lo meno non si lamentano. Val la pena analizzare quali società traggono vantaggio dall’euro e perché la maggior parte delle altre non vi si oppongono. Le aziende esportatrici dei paesi del nord dell’Eurozona traggono dei vantaggi dall’euro e dalle politiche che preservano la moneta comune, anche se il loro paese e i loro connazionali soffrono. Altre aziende, specialmente nei paesi membri del sud dell’Eurozona, soffrono anch’esse ma temono un crollo dell’area euro ancor più della sua continuazione. Per le piccole società non è proficuo fare pressioni per adottare altre politiche, mentre quelle che hanno subito il danno maggiore sono già fallite. Tutte le imprese devono fare i conti con l’euro ma dovrebbero anche prepararsi ad una sua possibile fine. Le imprese degli altri paesi europei dovrebbero riconsiderare se desiderano realmente che il loro paese entri a far parte dell’Eurozona.

Suggested Citation

  • Dilger, Alexander, 2022. "The Euro from a Business Perspective," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 75(3), pages 269-282.
    • Handle: RePEc:ris:ecoint:0922
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    References listed on IDEAS

    as
    1. Aggarwal, Raj, 2001. "Using economic profit to assess performance: a metric for modern firms," Business Horizons, Elsevier, vol. 44(1), pages 55-60.
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    7. Dilger, Alexander, 2015. "Which currency is best for business in a small country?," Discussion Papers of the Institute for Organisational Economics 5/2015, University of Münster, Institute for Organisational Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Business; Company; Crisis; Currency; Currency Union; Euro;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • G01 - Financial Economics - - General - - - Financial Crises
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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