Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Dallas
Economic Letter
One-size-fits-all monetary policy: Europe and the U.S.
Mark A. Wynne
Janet Koech

The ongoing euro-area crisis is seen by many as vindication of skeptics who said that a monetary union encompassing a disparate group of countries is doomed to fail because the countries do not constitute what economists call an optimum currency area. Thus, they argued, a one-size-fits-all monetary policy that goes with participation in an alliance such as the European Economic and Monetary Union (EMU) creates strains that ultimately prove insurmountable.

Download Full text
Download Full text
Cite this item
Mark A. Wynne & Janet Koech, "One-size-fits-all monetary policy: Europe and the U.S." , Federal Reserve Bank of Dallas, Economic Letter, volume 7, number 9, 2012.
More from this series
JEL Classification:
Subject headings:
Keywords: Economic and Monetary Union ; Europe - Economic conditions
For corrections, contact Amy Chapman ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal