Skip to main content
SpringerLink
Log in

Facing the Euro: Prospects for growth or stagnation?

  • EMU
  • Published:
Intereconomics

Abstract

The introduction of the euro has been overshadowed by the controversy over the appointment of the president of the European central bank and the possible implications for the bank’s policies. The effects of the launching of the single currency on growth and employment depend on a multitude of factors, however. Professor Welfens analyses the potential benefits of EMU and discusses the problems to be solved.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  1. See e.g. P. B. Kenen: Economic and Monetary Union in Europe. Moving Beyond Maastricht, Cambridge 1995; P. J. J. Welfens: European Monetary Integration, 3rd ed., Heidelberg and New York 1996.

  2. See P. J. J. Welfens and H. Wolf (eds.): Banking, International Capital Flows and Economic Growth, Heidelberg and New York 1997.

  3. See IFO: Ifo schnelldienst, No. 9, 1997.

  4. See P. J. J. Welfens and A. Jungmittag: Political Economy of EMU and Stabilization, Policy, in: P. J. J. Welfens (ed.): European Monetary Union, Heidelberg and New York 1997, p. 331–392.

  5. See J. T. Addison and P. J. J. Welfens (eds.): Labor Markets and Social Security. Heidelberg and New York 1998.

  6. See Europäische Kommission: Erster Kohäsionsbericht, Brussels 1996.

  7. See L. Calmfors and J. Driffill: Bargaining Structure, Corporatism and Macroeconomic Performance, in: Economic Policy, Vol. 3 (1988), p. 13–61

  8. See P. J. J. Welfens: Growth and Full Employment in the European Union, Discussion Paper No. 201, Westfälische Wilhelms-Universität, Münster 1994.

    Google Scholar 

  9. See G. Garrett and C. Way: The Sectoral Composition of Trade Unions, Corporatism, and Economic Performance, in: B. Eichengreen, J. Frieden and J. von Hagen (eds.): Monetary and Fiscal Policy in an Integrated Europe, Heidelberg and New York 1995.

Download references

Author information

Authors and Affiliations

  1. University of Potsdam and European Institute for International Economic Relations, Potsdam, Germany

    Paul J. J. Welfens

Authors
  1. Paul J. J. Welfens
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Welfens, P.J.J. Facing the Euro: Prospects for growth or stagnation?. Intereconomics 33, 112–117 (1998). https://doi.org/10.1007/BF02926818

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF02926818

Keywords

Search

Navigation