Wednesday, March 29, 2006
THE EURO. ONLY FOR THE NIMBLE!
. Alan Ahearne & Jean Pisani-Ferry: "The Euro: Only for the Agile", Bruegel Policy Brief, February 2006
Warning! The euro may bring many benefits, but there are some costs attached too. Ahearne and Pisani-Ferry argue that, among other things, "the loss of the exchange rate as an instrument for coping with economic shocks can be costly". As Dr. Johnson would put it: "You've been warned!"
. Alan Ahearne & Jean Pisani-Ferry: "The Euro: Only for the Agile", Bruegel Policy Brief, February 2006
Warning! The euro may bring many benefits, but there are some costs attached too. Ahearne and Pisani-Ferry argue that, among other things, "the loss of the exchange rate as an instrument for coping with economic shocks can be costly". As Dr. Johnson would put it: "You've been warned!"