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Economics of Monetary Union

In: Money and European Union

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  • Stephen Frank Overturf

Abstract

In what has become a traditional approach, the economics of monetary union in Europe is now commonly analyzed in terms of costs and benefits. This approach has the advantage of using a format that is generally understood by economists and others alike to emphasize the general fact that everything has a cost, and proper consideration of a proposed project needs to assess the costs as well as the benefits. In addition, such an approach holds the promise that a rational decision can be forthcoming if the costs and benefits are correctly identified and measured.

Suggested Citation

  • Stephen Frank Overturf, 1997. "Economics of Monetary Union," Palgrave Macmillan Books, in: Money and European Union, chapter 0, pages 139-157, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-62370-9_9
    DOI: 10.1007/978-1-349-62370-9_9
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