Formovanie a fungovanie Európskej menovej únie ako otvorený teoretický problém
Formation and Behaviour of European Monetary Union as an Open Theoretical Issue
Author(s): Eva Muchová, Ján LisýSubject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: European Monetary Union; the theory of optimum currency area; euro
Summary/Abstract: European Monetary Union is consider as a great turning point which brings new challenges, tasks and problems. The theory of optimum currency area as a theoretical basis of EMU focuses on the definition of criteria which identify the optimal currency area. There are many contradictory opinions relating to for-mation of EMU, which on the one side refuse or dispute a meaning of creation EMU (Hayek, Feldstein) and on the other side there are views aimed at comparison of costs and benefits of single European currency (Krugman, Dornbusch) up to thoughts who unanimously refuse euro (Rothbard, Friedman). Robert Mundell, Nobel laureate in Economics, belongs to the most important supporters of EMU.
Journal: Ekonomický časopis
- Issue Year: 52/2004
- Issue No: 04
- Page Range: 429-448
- Page Count: 20
- Language: Slovak