The Blessing of Having the Euro and the Need to Make it Better

Wyplosz, Charles (2009) The Blessing of Having the Euro and the Need to Make it Better. Elcano Newsletter (58). 18 p.. ISSN 1698-5184

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Abstract

Something extraordinary has happened during the Global Crisis that started in 2007. Despite acute financial turmoil and massive injections of liquidity, exchange rates in the euro area have not faced the kind of speculative attacks that were the unavoidable feature of every previous crisis. The reason, of course, is that there are no exchange rates.

Item Type: Article
Additional Information: Estudio sólo disponible en inglés
Uncontrolled Keywords: Economía y Comercio Internacional
Subjects: INTERNATIONAL COOPERATION > INTERNATIONAL RELATIONS > SINGLE EUROPEAN MARKET.
PUBLIC FINANCE; BANKING; INTERNATIONAL MONETARY RELATIONS > CURRENCIES; FINANCING > MONETARY POLICY.
PUBLIC FINANCE; BANKING; INTERNATIONAL MONETARY RELATIONS > INTERNATIONAL MONETARY SYSTEM > INTERNATIONAL FINANCIAL MARKET.
PUBLIC FINANCE; BANKING; INTERNATIONAL MONETARY RELATIONS > INTERNATIONAL MONETARY SYSTEM > EUROPEAN MONETARY SYSTEM.
ECONOMIC CONDITIONS; ECONOMIC RESEARCH; ECONOMIC SYSTEMS > ECONOMIC CONDITIONS > ECONOMIC IMPLICATIONS
ECONOMIC CONDITIONS; ECONOMIC RESEARCH; ECONOMIC SYSTEMS > ECONOMIC CONDITIONS > CRISIS
Divisions: Real Instituto Elcano, RIE
Depositing User: Jorge Horcas Pulido
Date Deposited: 24 Mar 2012 16:57
Last Modified: 24 Mar 2012 16:57
URI: http://biblioteca.ribei.org/id/eprint/1792

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