Articles
| Open Access | MACROECONOMIC IMPACTS OF THE EUROPEAN FINANCIAL ASSOCIATION: A COUNTERFACTUAL EXAMINATION
Abstract
This is an exact review on the impacts of embracing a typical money, the euro, on a countrys Gross domestic product, expansion rate, and public obligation. It utilizes an engineered counterfactual strategy, which predicts how the economy of an euro region part nation would perform assuming, theoretically, the nation didn't join the euro region. The outcomes show that there is no by and large certain or adverse consequence of utilizing a typical cash, however individual nations admission distinctively in various periods. An oddity in this paper is deciding certainty spans in the counterfactual technique. A few models concern Greece.
Keywords
Financial association, euro, engineered counterfactual
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