The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
EMU: Why and How It Might Happen
Open accessAbstract
This paper reviews the history, economic rationale, and main components of the project of establishing a monetary union in Europe by 1999. The adoption of a single currency is shown to be the best available option following the liberalization of capital movements. Most of the institution's design (central bank independence and objective, fiscal restraints) reflect Germany's fears of inflation as it is asked to give up its currency. The fiscal restraints are excessive, however, and a source of contractionary bias. The paper also presents the timetable of the final countdown.
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Citations
Cites
Political and Monetary Institutions and Public Financial Policies in the Industrial Countries
Grilli, V., Masciandaro, D., Tabellini, G., Malinvaud, E., & Pagano, M. (1991) · Economic Policy · doi:10.2307/1344630 · Cited by 1,585
Cited by
The Science of Monetary Policy: A New Keynesian Perspective
Clarida, R., Galí, J., & Gertler, M. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.4.1661 · Cited by 4,916
The European Sovereign Debt Crisis
Lane, P. R. (2012) · Journal of Economic Perspectives · doi:10.1257/jep.26.3.49 · Cited by 985
Does a currency union affect trade? The time-series evidence
Glick, R., & Rose, A. K. (2002) · European Economic Review · doi:10.1016/s0014-2921(01)00202-1 · Cited by 872
Metadata
- Authors
- Wyplosz, C.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 1997-11-01
- Volume
- 11
- Issue
- 4
- Pages
- 3-22
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W2052740587
- Cited by
- 218
- References
- 1
- FWCI
- 43.59
- Type
- journal article
- Language
- en
- Open access
- green
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- Wyplosz, C. (1997). EMU: Why and How It Might Happen. Journal of Economic Perspectives. https://doi.org/10.1257/jep.11.4.3
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
