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The Euro after 20 Years is a historic success: A powerful encouragement for further European reforms

Review of world economics, 2019-02, Vol.155 (1), p.5-14 [Peer Reviewed Journal]

Kiel Institute 2018 ;ISSN: 1610-2878 ;EISSN: 1610-2886 ;DOI: 10.1007/s10290-018-0335-3

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  • Title:
    The Euro after 20 Years is a historic success: A powerful encouragement for further European reforms
  • Author: Trichet, Jean-Claude
  • Subjects: Economic Policy ; Economics ; Economics and Finance ; European Integration ; International Economics ; Macroeconomics/Monetary Economics//Financial Economics ; Original Paper ; ORIGINAL PAPERS
  • Is Part Of: Review of world economics, 2019-02, Vol.155 (1), p.5-14
  • Description: Contrary to many negative predictions, the euro, as a currency, is a remarkable success in terms of credibility and stability. The euro, as a currency, and the euro area, as a single market with a single currency, proved a remarkable resilience in the worst global financial crisis since World War II. The euro area was quick, imaginative and flexible to learn lessons from the global financial crisis. The euro and the euro area were and are benefiting from a large popular support, which explains largely their resilience in the crisis. The euro area is a success in terms of real growth measured during the period starting from its inception until today.
  • Publisher: Berlin/Heidelberg: Springer Science + Business Media
  • Language: English
  • Identifier: ISSN: 1610-2878
    EISSN: 1610-2886
    DOI: 10.1007/s10290-018-0335-3
  • Source: ProQuest Central
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