Fogel, Georgine K; Saxena, Sweta C - In: Global Economy Journal 4 (2004) 2
One of the challenges of the Economic and Monetary Union (EMU) is achieving a balanced sustainable expansion of … economic activity conducive to macroeconomic stability and financial sustainability of the EMU. In the paper, we evaluate the … EMU policies for their effectiveness of smoothening economic cycles in the aggregate. We discuss the pros and cons of the …