Economics, Econometrics and Finance
5 years ago

Euro's Impact on Global Economics: Unifying or Dividing Nations?

1 view
European Review
Analysis of the Economic Impacts of the Euro, the Efficiency of the Euro in the Optimum Currency Area, and the Place of the Euro in Global Economics
Hüseyin Özdeşer

Paper Summary

The euro, dollar, and yen are major currencies in financial markets. The euro helps unify the EU economically and politically. Some challenges remain for the euro to compete with the dollar globally. Concerns about the EU's future have risen after Brexit. The euro started with 12 countries and may expand to 27. The study analyzes how the euro affects income, inflation, and investment in Germany, France, and Italy.

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