Is the ‘EURO' a Defunct Currency?
In this paper we provide a brief discourse on the theory of optimum currency areas to serve as a basis for constructive criticism of the conceptual framework of the eurozone. With particular reference to the Greek economic crisis, we argue that the very architecture of the EU experiment involving t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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EconJournals
2012-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/200 |
| _version_ | 1797921151373017088 |
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| author | Constantinos ALEXIOU Joseph Nellis |
| author_facet | Constantinos ALEXIOU Joseph Nellis |
| author_sort | Constantinos ALEXIOU |
| collection | DOAJ |
| description |
In this paper we provide a brief discourse on the theory of optimum currency areas to serve as a basis for constructive criticism of the conceptual framework of the eurozone. With particular reference to the Greek economic crisis, we argue that the very architecture of the EU experiment involving the single currency was inherently flawed from the outset in so far as political pressures to speed up the process towards a politically unified Europe has resulted in what is perceived as the worst economic impasse in the history of modern capitalism.
Keywords: Optimum Currency Area; Economic and Monetary Integration; Euro; Greece.
JEL Classifications: E42; F13; F33; F42
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| first_indexed | 2024-04-10T14:12:04Z |
| format | Article |
| id | doaj.art-4d005ec5113f4c49beafbe3a070c9f10 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:12:04Z |
| publishDate | 2012-06-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-4d005ec5113f4c49beafbe3a070c9f102023-02-15T16:09:40ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382012-06-0123Is the ‘EURO' a Defunct Currency?Constantinos ALEXIOU0Joseph Nellis1Cranfield University, BedfordshireCranfield University, Bedfordshire In this paper we provide a brief discourse on the theory of optimum currency areas to serve as a basis for constructive criticism of the conceptual framework of the eurozone. With particular reference to the Greek economic crisis, we argue that the very architecture of the EU experiment involving the single currency was inherently flawed from the outset in so far as political pressures to speed up the process towards a politically unified Europe has resulted in what is perceived as the worst economic impasse in the history of modern capitalism. Keywords: Optimum Currency Area; Economic and Monetary Integration; Euro; Greece. JEL Classifications: E42; F13; F33; F42 https://www.econjournals.com/index.php/ijefi/article/view/200 |
| spellingShingle | Constantinos ALEXIOU Joseph Nellis Is the ‘EURO' a Defunct Currency? International Journal of Economics and Financial Issues |
| title | Is the ‘EURO' a Defunct Currency? |
| title_full | Is the ‘EURO' a Defunct Currency? |
| title_fullStr | Is the ‘EURO' a Defunct Currency? |
| title_full_unstemmed | Is the ‘EURO' a Defunct Currency? |
| title_short | Is the ‘EURO' a Defunct Currency? |
| title_sort | is the euro a defunct currency |
| url | https://www.econjournals.com/index.php/ijefi/article/view/200 |
| work_keys_str_mv | AT constantinosalexiou istheeuroadefunctcurrency AT josephnellis istheeuroadefunctcurrency |