TY - GEN

T1 - Small, open €uro economies

AU - Manners, Ian

PY - 2009/1

Y1 - 2009/1

N2 - The 1st January 2009 marked the ten year anniversary of the Euro, but Denmark and Sweden are the only small, open EU economies not seeking to join in the immediate future. Paul Krugman, the Nobel Prize winner for economics, has argued that all small European econo-mies should join the Euro. There are currently four main economic arguments put forwards by leading economists such as Krugman related to the global eco-nomics crisis and new evidence emerging from studying the past 10 years of the Euro: (1) that membership of the Euro provides protection from the worst ef-fects of the global financial crisis, (2) that the positive trade effects are conclusive, (3) that Foreign Direct Investment (FDI) has been effected by the Euro and (4) that relative Euro-zone economic effects have been understated over the last 10 years.

AB - The 1st January 2009 marked the ten year anniversary of the Euro, but Denmark and Sweden are the only small, open EU economies not seeking to join in the immediate future. Paul Krugman, the Nobel Prize winner for economics, has argued that all small European econo-mies should join the Euro. There are currently four main economic arguments put forwards by leading economists such as Krugman related to the global eco-nomics crisis and new evidence emerging from studying the past 10 years of the Euro: (1) that membership of the Euro provides protection from the worst ef-fects of the global financial crisis, (2) that the positive trade effects are conclusive, (3) that Foreign Direct Investment (FDI) has been effected by the Euro and (4) that relative Euro-zone economic effects have been understated over the last 10 years.

M3 - Comment

SP - 1

EP - 6

BT - DIIS Brief

PB - Institut for Internationale Studier / Dansk Center for Internationale Studier og Menneskerettigheder

CY - Copenhagen

ER -