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Federal Reserve Bank of Dallas
Economic Letter
Consequences of the Euro: monetary union, economic disunion?
Enrique Martinez-Garcia
Valerie Grossman

Forming a monetary union brings the benefits of a shared currency but also—as the experience of the euro area shows in the years following the global financial crisis—significant costs associated with the loss of monetary policy independence and exchange rate flexibility.

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Enrique Martinez-Garcia & Valerie Grossman, "Consequences of the Euro: monetary union, economic disunion?" , Federal Reserve Bank of Dallas, Economic Letter, volume 11, issue 2, pages 1-4, April 2016.
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