{"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":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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