TY  - JOUR
T1  - The Effects of European Monetary Union on Macroeconomic Performance
AU  - Yıldırım, Durmuş Çağrı
PY  - 2012
DA  - April
JF  - Alternatives: Turkish Journal of International Relations
PB  - Yalova University
WT  - DergiPark
SN  - 2146-0809
SP  - 26
EP  - 47
VL  - 11
IS  - 2
LA  - en
AB  - The purpose of this study is to show the effect of monetary union on macroeconomic performance for 24 OECD countries during the period 1988-2009. According to the findings, the European Monetary Union has a positive effect on foreign trade. On the other hand, it has a negative effect. The monetary union set up without a financial union has a negative effect on macroeconomic performance by limiting the implementations of policy makers even if it has a positive contribution on trade. Thus, monetary policy implementations not supported with financial policy have a negative effect on macroeconomic performance.
KW  - Monetary Union
KW  - European Union
KW  - Panel OLS
KW  - Gravity Model
KW  - Macroeconomic Performance.
UR  - https://dergipark.org.tr/en/pub/alternatives/issue//20848
L1  - https://dergipark.org.tr/en/download/article-file/19289
ER  -