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The Effects of European Monetary Union on Macroeconomic Performance

Year 2012, Volume: 11 Issue: 2, 26 - 47, 01.04.2012

Durmuş Çağrı Yıldırım

Abstract

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.

Year 2012, Volume: 11 Issue: 2, 26 - 47, 01.04.2012

Durmuş Çağrı Yıldırım

Abstract

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Details

Primary Language English
Journal Section Articles
Authors

Durmuş Çağrı Yıldırım

Publication Date April 1, 2012
Published in Issue Year 2012 Volume: 11 Issue: 2

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APA Yıldırım, D. Ç. (2012). The Effects of European Monetary Union on Macroeconomic Performance. Alternatives: Turkish Journal of International Relations, 11(2), 26-47.
AMA Yıldırım DÇ. The Effects of European Monetary Union on Macroeconomic Performance. Alternatives: Turkish Journal of International Relations. April 2012;11(2):26-47.
Chicago Yıldırım, Durmuş Çağrı. “The Effects of European Monetary Union on Macroeconomic Performance”. Alternatives: Turkish Journal of International Relations 11, no. 2 (April 2012): 26-47.
EndNote Yıldırım DÇ (April 1, 2012) The Effects of European Monetary Union on Macroeconomic Performance. Alternatives: Turkish Journal of International Relations 11 2 26–47.
IEEE D. Ç. Yıldırım, “The Effects of European Monetary Union on Macroeconomic Performance”, Alternatives: Turkish Journal of International Relations, vol. 11, no. 2, pp. 26–47, 2012.
ISNAD Yıldırım, Durmuş Çağrı. “The Effects of European Monetary Union on Macroeconomic Performance”. Alternatives: Turkish Journal of International Relations 11/2 (April 2012), 26-47.
JAMA Yıldırım DÇ. The Effects of European Monetary Union on Macroeconomic Performance. Alternatives: Turkish Journal of International Relations. 2012;11:26–47.
MLA Yıldırım, Durmuş Çağrı. “The Effects of European Monetary Union on Macroeconomic Performance”. Alternatives: Turkish Journal of International Relations, vol. 11, no. 2, 2012, pp. 26-47.
Vancouver Yıldırım DÇ. The Effects of European Monetary Union on Macroeconomic Performance. Alternatives: Turkish Journal of International Relations. 2012;11(2):26-47.