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- W4253244242 abstract "The European Monetary Union is an original, complex undertaking in the making. The single currency has so far operated smoothly, yet many of its details are controversial. Inflation has been low and the European Central Bank has achieved some credibility, though its strategy is often criticized. The euro has not displaced the dollar as the world currency, but has allowed for the emergence of Europe-wide bond market. The downside has been low growth in many countries, presumably a consequence of market rigidities. Similarly, the Stability and Growth Pact, designed to eliminate the budget deficit bias, has had a checkered history." @default.
- W4253244242 created "2022-05-12" @default.
- W4253244242 creator A5064213329 @default.
- W4253244242 date "2008-04-25" @default.
- W4253244242 modified "2023-10-18" @default.
- W4253244242 title "European Monetary Union" @default.
- W4253244242 doi "https://doi.org/10.1057/9780230226203.0509" @default.
- W4253244242 hasPublicationYear "2008" @default.
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