{"id":112600,"date":"2024-01-22T17:39:51","date_gmt":"2024-01-22T16:39:51","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/112600\/"},"modified":"2024-11-07T04:06:04","modified_gmt":"2024-11-07T03:06:04","slug":"ten-years-of-emu-achievements-weaknesses-challenges","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/112600\/","title":{"rendered":"Ten Years of EMU \u2013 Achievements, Weaknesses, Challenges"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-112600","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The assessment of 10 years of EMU is ambivalent. On the one hand, the introduction of the common currency has contributed towards price stability and the euro has acquired a global status next to the dollar. Monetary Union has also stimulated cross-border trade within the euro area. On the other hand, the expected growth \"dividend\" has so far failed to materialise. Despite the complicated and asymmetric policy framework governing EMU, the responsible institutions have co-operated timely and smoothly during the international financial market crisis, trying to limit the damage for the financial sector as well as for business activity through a co-ordinated approach.","onlinedate":"2009-04-23 02:00:00","lang":"English","publication_series":"","publication_date":"20090401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"European Economic; Monetary Union; EMU; Austria\"]","jelcodes":"[]","related_publications":"[]","pdf":333210,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"14","monthly_report_pages":"49-72","monthly_report_pages_sort":"49","issue":"1","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3917],"persons_data":"[{\"personId\":3917,\"personName\":\"Fritz Breuss\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Breuss, F.<\\\/span> (2009). <span>Ten Years of EMU \u2013 Achievements, Weaknesses, Challenges<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>14<\\\/em>(1), 49-72. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/35601\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/35601<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Breuss F<\\\/span>. <span class=\\\"title\\\"><span>Ten Years of EMU \u2013 Achievements, Weaknesses, Challenges<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2009 Apr;14(1):49-72.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{b966c17153e84c44b95849ddad980153,<\\\/div><div>  title    = \\\"Ten Years of EMU \u2013 Achievements, Weaknesses, Challenges\\\",<\\\/div><div>  abstract = \\\"The assessment of 10 years of EMU is ambivalent. 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