Plümper, Thomas; Troeger, Vera E. - Abteilung "Wettbewerbsfähigkeit und industrieller … - 2004
reduce monetary policy autonomy. Our main argument holds that governments in countries that did not join the currency union … lose monetary policy autonomy if the establishment of a currency union increases the size of the key currency area. The …<i>Argument:</i> The paper argues that the introduction of the Euro has considerably reduced de facto monetary policy …