The advantages of a small European Monetary Union |
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| Authors: | Lukas Menkhoff Friedrich L Sell |
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| Institution: | 1. University of Freiburg, Germany
2. University of Giessen, Germany
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| Abstract: | The question whether European Monetary Union should include all the EC countries from the start or should initially be limited to a few core countries is again being discussed more intensely. What advantages would a small EMU have from an economic point of view? Which countries should be its founder members? |
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