Economics, Econometrics and Finance
8 years ago

EMU on Path to Optimal Currency Area, Boosting Economic Integration

Palgrave Macmillan UK eBooks
The Road to a Viable Euro Zone and the Preconditions for Becoming a More Optimal Currency Region
René W.H. van der Linden

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European integration has been driven by political, economic, and monetary factors since the 1950s. The EU has gradually moved towards a single market and the formation of the EMU to promote economic and financial integration. The euro crisis raised doubts about the EMU being an optimal currency area, but over time, the convergence of economies within the eurozone is likely to increase, making it more optimal.