Affiliation:
1. Economics , WHU – Otto Beisheim School of Management , Burgplatz 2 , Vallendar 56179 , Germany
Abstract
Abstract
This comparative study looks at broad economic developments during the 20 years of the European Monetary Union (EMU) and 20 years of the European Monetary System (EMS). We analyze the economic performance by looking at a set of macroeconomic variables. The analysis of macroeconomic performance includes two perspectives: one is internal, i. e. how did the countries perform relative to each other; the other is external, i. e. how did the group of member countries perform vis-à-vis other countries. Overall, the analysis of the two periods suggest that the EMU does not display a macroeconomic development inferior to the EMS period. On the contrary, some crucial macroeconomic indicators point to a greater stability during the EMU period compared to the EMS period.
Subject
Economics and Econometrics,Social Sciences (miscellaneous),General Business, Management and Accounting
Cited by
1 articles.
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