Abstract
It may be late in the game to debate the merits of EMU for its members. But I begin with a review of the pros and cons. The UK, Sweden and others have yet to decide whether to join, so for them the evaluation is still relevant. The second half of these notes will turn to the implications of the euro as a new international currency. Impacts on countries outside EMU are discussed in addition to countries inside.
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Frankel, J.A. (2000). Impact of the Euro on Members and Non-Members. In: Mundell, R., Clesse, A. (eds) The Euro as a Stabilizer in the International Economic System. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4457-9_7
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DOI: https://doi.org/10.1007/978-1-4615-4457-9_7
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