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Category Archives: Monetary Union

Huge diversity in GDP per capita throughout the EU

Based on first preliminary estimates for 2011 just released by Eurostat, Gross Domestic Product (GDP) per capita expressed in Purchasing Power Standards (PPS) varied from 45% to 274% of the EU27 average across the Member States. The highest level of GDP per capita in the EU27 was recorded in Luxembourg with a level of more than two and a half … Continue reading

Posted by Nigel Tree | Leave a comment

Benefits and costs from monetary union

At the end of last week, Francesco Paolo Mongelli, Professor at the University of Frankfurt, published a brief article entitled “Some benefits and costs from participating in a monetary union.” In his conclusion he says that: “There is a broad range of benefits and costs in sharing a currency. Contrary to conventional wisdom, the macroeconomic costs of losing influence over … Continue reading

Posted by Nigel Tree | Leave a comment