One market, one money: An evaluation of the potential benefits and costs of forming an economic and monetary union

1991 ◽  
Vol 2 (3) ◽  
pp. 315-321 ◽  
Author(s):  
Michael J. Artis
1993 ◽  
Vol 103 (418) ◽  
pp. 748 ◽  
Author(s):  
Anthony Garratt ◽  
Michael Emerson ◽  
Daniel Gros ◽  
Alexander Italianer

Author(s):  
George-Marios Angeletos ◽  
Harris Dellas

This chapter studies the implications of Greece's membership in the Eurocurrency area for her macroeconomic performance and welfare. It first discusses the perceived economic benefits and costs from participation in Economic and Monetary Union (EMU) at the time of the original entry decision. It then argues that it made good economic sense for Greece to join. The chapter then describes what proved to be the actual main benefits and costs. Finally, attention is turned to the issue of the implications of continued membership in the eurozone. It asks what opportunities are associated with the two alternative scenarios of staying or exiting and how the two scenarios matter for Greece's macroeconomic performance and welfare. The chapter also examines the possible cost—for Greece—of default against official creditors.


2006 ◽  
Vol 56 (4) ◽  
pp. 455-468
Author(s):  
Zoltán Ádám ◽  
László Csaba ◽  
András Bakács ◽  
Zoltán Pogátsa

István Csillag - Péter Mihályi: Kettős kötés: A stabilizáció és a reformok 18 hónapja [Double Bandage: The 18 Months of Stabilisation and Reforms] (Budapest: Globális Tudás Alapítvány, 2006, 144 pp.) Reviewed by Zoltán Ádám; Marco Buti - Daniele Franco: Fiscal Policy in Economic and Monetary Union. Theory, Evidence and Institutions (Cheltenham/UK - Northampton/MA/USA: Edward Elgar Publishing Co., 2005, 320 pp.) Reviewed by László Csaba; Piotr Jaworski - Tomasz Mickiewicz (eds): Polish EU Accession in Comparative Perspective: Macroeconomics, Finance and the Government (School of Slavonic and East European Studies, University College of London, 2006, 171 pp.) Reviewed by András Bakács; Is FDI Based R&D Really Growing in Developing Countries? The World Investment Report 2005. Reviewed by Zoltán Pogátsa


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