Repository logo
  • Log In
    New user? Click here to register.Have you forgotten your password?
University College Dublin
  • Colleges & Schools
  • Statistics
  • All of DSpace
  • Log In
    New user? Click here to register.Have you forgotten your password?
  1. Home
  2. College of Social Sciences and Law
  3. School of Economics
  4. Economics Working Papers & Policy Papers
  5. The Euro at 20: Successes, Problems, Progress and Threats
 
  • Details
Options

The Euro at 20: Successes, Problems, Progress and Threats

File(s)
FileDescriptionSizeFormat
Download WP2019_14.pdf784.73 KB
Author(s)
Whelan, Karl 
Uri
http://hdl.handle.net/10197/10795
Date Issued
June 2019
Date Available
12T10:54:17Z June 2019
Abstract
The euro has had a difficult second decade but the project has still had some important successes. The common currency is popular among the euro area’s citizens, intra-European exchange rate instability has been removed and the ECB has successfully achieved its primary goal of price stability. The single currency’s popularity has made the euro more resilient than many sceptics thought possible twenty years ago. A number of improvements to the architecture of EMU have been implemented in the past decade but serious tensions remain, relating to fiscal capacity, sovereign default and financial stability. To keep the euro together, Europe’s politicians need to make the euro area less crisis-prone and to make it easier for member states to recover from the inevitable cyclical downturns that will happen in the future. The past few years have seen many proposals put forward for future improvements to the economic policy structure underlying the euro. Keeping the euro together may depend on Europe’s politicians agreeing to implement them.
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP19/14
Keywords
  • Euro

  • ECB

  • Single currency

  • Fiscal capacity

  • Financial stability

  • Economic policy struc...

Classification
E58
F45
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
https://creativecommons.org/licenses/by-nc-nd/3.0/ie/
Owning collection
Economics Working Papers & Policy Papers
Views
1010
Last Month
9
Acquisition Date
Jan 28, 2023
View Details
Downloads
166
Last Week
4
Last Month
4
Acquisition Date
Jan 28, 2023
View Details
google-scholar
University College Dublin Research Repository UCD
The Library, University College Dublin, Belfield, Dublin 4
Phone: +353 (0)1 716 7583
Fax: +353 (0)1 283 7667
Email: mailto:research.repository@ucd.ie
Guide: http://libguides.ucd.ie/rru

Built with DSpace-CRIS software - Extension maintained and optimized by 4Science

  • Cookie settings
  • Privacy policy
  • End User Agreement