Is the Euro Working? The Euro and European Labour Markets

@article{Silvia2004IsTE,
  title={Is the Euro Working? The Euro and European Labour Markets},
  author={Stephen J. Silvia},
  journal={Journal of Public Policy},
  year={2004},
  volume={24},
  pages={147 - 168}
}
Now that time has passed since the introduction of the euro as a commercial currency, it is possible to assess many arguments made in the abstract during the 1990s about European monetary union. This article shows that the euro zone still falls short as an optimal currency area in most respects. In particular, it undertakes an empirical analysis of the labour market and finds no progress toward flexibility or integration. These results challenge assertions of ‘endogenous currency area… 

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