# Monetarists (monetarists)

- Canonical URL: https://www.gerhardmerk.de/monetarists-monetarists
- Post ID: 587748
- Modified: 2023-07-25T21:03:49+00:00
- Language: en

## Definition

With regard to the European Monetary Union, the representatives of the opinion that a secretive currency would sooner or later compulsorily bring about the unification of an economic area that also had different characteristics. - This view was opposed by the economists. They demanded first of all a unification of the economic and financial policies of the states willing to enter into a monetary union. The common currency could and should only be the crowning conclusion (grand finale) of an economic community. - The EMU Treaty attempted to find a compromise between the two views; the Stability and Growth Pact was intended to ensure economic policy consistency. - In retrospect, the economists' viewpoint proved to be basically correct. The Stability and Growth Pact was not adhered to; and in the wake of the financial crisis that followed the subprime crisis, the ECB's monetary policy widely became nothing more than anti-crisis policy. - See Becket effect, ECB fall from grace, money multiplication, monetary union-internal, Greek crisis, peer pressure, renationalization, monetary, bailout, seat-order dispute, southern front, redistribution, central bank-influenced. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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