Euroland, Euro and Dollar - Trilogy or Trilemma?

Abstract: This paper argues that Euroland is a representation of a monetary union with a heterogeneous capital market, tax system, regulation of consumer savings, and methods of financing investments. Contrary to that, the Dollar represents a homogeneous capital market. Euroland and the Euro as an anchor currency will not be a representation of a unified economic performance, as for instance the Dollar was in 1944 implemented by the Bretton Woods Agreements. According to a trilogy composed three parts of a work as a whole, the relationship between Euroland, Euro (as an anchor currency) and Dollar could be interpreted as a workable unity. This required the perception of the inherent fragility of this triad. It is the result of all the different functions held by each part.

Keywords: Central banking; monetary policy regimes and arrangements (search for similar items in EconPapers)
JEL-codes: E58 F02 F33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-mon
References: Add references at CitEc
Citations:

Downloads: (external link)
http://sites.wiwiss.fu-berlin.de/tomann/muchlinski/emu.PDF (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://sites.wiwiss.fu-berlin.de/tomann/muchlinski/emu.PDF [301 Moved Permanently]--> https://www.wiwiss.fu-berlin.de/tomann/muchlinski/emu.PDF)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bef:lsbest:026

Access Statistics for this paper

More papers in Departmental Working Papers
Bibliographic data for series maintained by XXX ( this e-mail address is bad, please contact ).