Sundry

2005. “The Euro at Five: Short-run Pain, Long-run Gain?” Journal of Policy Modeling 27 (4): 441-443. JPM; Abstract

The euro has had some marked successes over its first five years included the marked deepening of euro bond markets which has benefited the entire world. But at the same time, the pain has probably outweighed the gain as Europe still remains far from an optimal currency area.

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