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Second Thoughts on EMU
Oleh:
Krugman, Paul
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
JAPAN AND THE WORLD ECONOMY vol. 4 no. 3 (1992)
,
page 187-200.
Topik:
EMU
;
second thoughts
;
EMU
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ47.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Conventional wisdom holds that EMU is economically beneficial and that it must be achieved by a gradual transition. This paper challenges both these assumptions. The benefits are supposed to arise from a tradeoff of macro economic flexibility for microeconomic efficiency, but both these concepts are very hard to quantify, Further, if it is beneficial to form EMU, nothing is gained by delaying it.
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