Economics, Econometrics and Finance
3 years ago

New Research Shows Euro Adoption May Not Benefit All Acceding Countries

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SSRN Electronic Journal
On Optimal Currency Areas and Common Cycles: Are the Acceding Countries Ready to Join the Euro?
Louisa Grimm, Sven Steinkamp, Frank Westermann

Paper Summary

The article examines if countries wanting to join the euro share similar economic cycles with the European Monetary Union. While some countries align with the EMU, most do not show a strong connection in their economic cycles. This suggests that not all countries may be ready to adopt the euro as their currency.

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