Adopting the euro does not work without political integration

被引：0
|
作者：
Guillermo Peña [1 ]
机构：
[1] Universidad de Zaragoza,Departamento de Análisis Económico & IEDIS
来源：
International Economics and Economic Policy | 2025年 / 22卷 / 2期
关键词：
Monetary unions; International coordination; Monetary policy; Public policy; Financial services; H61; H62; G21; H25;
D O I：
10.1007/s10368-025-00657-9
中图分类号：
学科分类号：
摘要：
A new empirical exercise for dealing the effects of monetary unions on welfare is developed. The estimates of the effects of adopting the euro using a sample of 216 countries for the 1960–2021 period apply a novel multiple-period differences-in-differences approach. They show a significant and robust negative effect on economic growth of adopting the euro, mainly for the countries with the highest income inequality.
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