Economics, Econometrics and Finance
5 years ago

European Monetary Union Shows Greater Stability Than Previous System Over 20 Years.

Jahrbücher für Nationalökonomie und Statistik
Putting European Monetary Integration into a Historical Perspective: Two Decades of the European Monetary System versus Two Decades of the European Monetary Union
Ralf Fendel, Michael Frenkel

Paper Summary

The article compares the economic performance of the European Monetary Union (EMU) and the European Monetary System (EMS) over 20 years. They looked at how well countries did internally and externally. The study found that the EMU had better stability in key economic indicators compared to the EMS.

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