Durmuş Çağrı YILDIRIM

17581

The Effects of European Monetary Union on Macroeconomic Performance

The Effects of European Monetary Union on Macroeconomic Performance

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.
Keywords:

Monetary Union, European Union, Panel OLS, Gravity Model Macroeconomic Performance.,

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Alternatives: Turkish Journal of International Relations-Cover
  • ISSN: 2146-0809
  • Başlangıç: 2002
  • Yayıncı: Yalova Üniversitesi
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