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.
Monetary Union European Union Panel OLS Gravity Model Macroeconomic Performance.
| Birincil Dil | İngilizce |
|---|---|
| Yazarlar | |
| Yayımlanma Tarihi | 1 Nisan 2012 |
| Yayımlandığı Sayı | Yıl 2012 Cilt: 11 Sayı: 2 |