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Beyond the euro: Limits to economic policy in the EU

Author

Listed:
  • Ramon Boixadera Bosch

    (Economista)

  • Ferran Portella Carbó

    (Univeristat de les Illes Balears)

Abstract
The euro's crisis is often theorized as that of a fixed exchange-rate monetary system, whose rigidity in the face of heterogenous national economies is the main factor behind the Eurozone's troubles. We argue instead that the euro should be primarily considered as a successful attempt to further the integration of the European economy within an ordoliberal framework, part of an institutional continuum stretching from the European Single Market to the present. Further, we note that the constraints placed by the euro on national economies are deeply entangled with those deriving from EU membership, so that both are likely to weigh on any attempt to break with neoliberalism at national level.

Suggested Citation

  • Ramon Boixadera Bosch & Ferran Portella Carbó, 2019. "Beyond the euro: Limits to economic policy in the EU," Revista de Economía Crítica, Asociación de Economía Crítica, vol. 27, pages 47-58.
    • Handle: RePEc:ret:ecocri:rec27_05
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    E6; F45.;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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