RIZIKÁ EURÓPSKEJ MENOVEJ ÚNIE
Risks of European Monetary Union
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This article presents the idea that euro area is an 'immature' monetary union, which is far from optimum currency area. The 'immaturity' of the European Monetary Union - EMU which is associated with its heterogeneous asymmetric economic structure, can be deepened along with its further enlargement. Single monetary policy does not satisfy various interests of all EMU members.
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