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Will the Euro Bring Economic Crisis to Europe?

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What Global Economic Crisis?

Abstract

The initial introduction of the euro has, against many expectations, been accompanied by a decline in its value (notably vis-à-vis the dollar and sterling). It has also been introduced at a time of high levels of unemployment within most of the European Union (EU). This chapter explores how the economies of the EU may suffer from the introduction of the euro, specifically from the policy and institutional arrangements within which the euro is embedded.

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Authors
  1. Philip Arestis
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  2. Malcolm Sawyer
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Editor information

Editors and Affiliations

  1. South Bank University, London, UK

    Philip Arestis (Professor of Economics) (Professor of Economics)

  2. Gonville and Caius College, Cambridge, UK

    Michelle Baddeley

  3. Downing College, Cambridge, UK

    John McCombie

Copyright information

© 2001 Philip Arestis and Malcolm Sawyer

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Arestis, P., Sawyer, M. (2001). Will the Euro Bring Economic Crisis to Europe?. In: Arestis, P., Baddeley, M., McCombie, J. (eds) What Global Economic Crisis?. Palgrave Macmillan, London. https://doi.org/10.1057/9780333992746_5

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