Τα οικονομικά της Νομισματικής Ένωσης στην εποχή του ευρώ : κριτική επισκόπηση ερευνών

Abstract

Despite its important advantages of efficiency gains, price transparency, monetary stability, easing currency markets pressure on the payments balance, and so on, the Economic and Monetary Union (EMU) is anything but a risk-free enterprise. In this context, optimistic voices emphasize that the establishment of Euro favours, besides other benefits, a further increase in the volume of trade among EMU member-states. On the other hand, less optimistic observers find that the impact of Euro to EU trade volume is rather poor. This paper surveys in brief the current literature on EMU theory and the impact of common currency to trade volume in particular. It also raises questions about relevant topics for further research.