The Euro and Inflation Divergence in Europe

  title={The Euro and Inflation Divergence in Europe},
  author={Margarida Duarte},
I n January 1999, eleven European countries abandoned their respective national currencies and monetary independence to adopt a common currency, the Euro.1 This event, in which several industrialized countries formed a currency union, stands out in modern monetary history by its uniqueness, and in due time, it will allow for a better understanding of the implications of different monetary arrangements among countries. Already, with four years of data available, we can begin to learn from Europe… CONTINUE READING

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