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.

引用

共 50 条

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