European Monetary Union: Will It Really Contribute to Stability?

From: Business Economics | Date: January 1, 2000| Author: Neu, C. Richard | Copyright information

IN THE INTERMEDIATE RUN, AT LEAST, MONETARY UNION IS LIKELY TO INCREASE RISKS FOR THOSE WHO DO BUSINESS WITH EUROPE FROM OUTSIDE ITS BORDERS.

In the long run, European monetary union will almost surely prove beneficial--economically and politically--for Europe and probably for the rest of the world. For the next several years, though, monetary union is likely to increase three kinds of risks facing firms doing business with, from, and in Europe. First, increased risks ar...

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