Abstract
Several people pose the question: Why would the EU not accept the conversion of all government bonds to the so called Eurobonds? That would be a reasonable idea, if the Bureaucracy of the EU did not have its own objectives which are quite different from national objectives, a fact that would never occur in the US or the different regions of the UK.
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References
Mongelli FP (2008) European economic and monetary integration and the optimum currency area theory, ECB working paper
Sargent TJ (1986) Rational expectations and inflation, Harper and Row
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© 2014 Springer International Publishing Switzerland
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Tsionas, E.G. (2014). Preconditions of a Monetary Union. In: The Euro and International Financial Stability. Financial and Monetary Policy Studies, vol 37. Springer, Cham. https://doi.org/10.1007/978-3-319-01171-4_5
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DOI: https://doi.org/10.1007/978-3-319-01171-4_5
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