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(Un)sustainability in a monetary union

dc.contributor.authorMata, Maria Eugénia
dc.contributor.authorRoldão, Mário João Salvador
dc.contributor.institutionNOVA School of Business and Economics (NOVA SBE)
dc.date.accessioned2024-02-12T22:33:06Z
dc.date.available2024-02-12T22:33:06Z
dc.date.issued2023-03-08
dc.description.abstractAn extensive literature praises economic integration and monetary unions as powerful means for economic convergence between, and the growth of, nations. Several potential factors have been flagged for successful economic convergence, such as labor availability and mobility and the role of initial levels of development (for positive business contagion effects). However, the relevance of this literature can be read differently in the context of a failed monetary union: the Escudo Zone Monetary Union (EZMU, 1963-1971), where policies key for sustainability were in place. This article investigates the operation of the EZMU and examines the important factors in its demise, thereby contributing to the discussion of (un)sustainability of convergence and economic integration.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent576315
dc.identifier.issn0896-226X
dc.identifier.otherPURE: 56433889
dc.identifier.otherPURE UUID: 2c284898-aecf-4170-8e91-72b593ceeb39
dc.identifier.otherORCID: /0000-0003-0461-1338/work/131234764
dc.identifier.urihttp://hdl.handle.net/10362/163452
dc.identifier.urlhttps://www.ebhsoc.org/journal/index.php/ebhs/article/view/520/420
dc.language.isoeng
dc.peerreviewedyes
dc.subjectPortugal
dc.subjectPortuguese colonial empire
dc.subjectEconomic integration
dc.subjectEscudo Zone Monetary Union
dc.subjectMonetary unions
dc.title(Un)sustainability in a monetary unionen
dc.title.subtitleMain factors in the Escudo Zone Monetary Union (1963-71)en
dc.typejournal article
degois.publication.firstPage233
degois.publication.lastPage264
degois.publication.titleEssays in Economic & Business History
degois.publication.volume40
dspace.entity.typePublication
rcaap.rightsopenAccess

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