000153144 001__ 153144 000153144 005__ 20251017144651.0 000153144 0247_ $$2doi$$a10.1007/s10368-025-00657-9 000153144 0248_ $$2sideral$$a143574 000153144 037__ $$aART-2025-143574 000153144 041__ $$aeng 000153144 100__ $$0(orcid)0000-0002-8816-5816$$aPeña, Guillermo$$uUniversidad de Zaragoza 000153144 245__ $$aAdopting the euro does not work without political integration 000153144 260__ $$c2025 000153144 5060_ $$aAccess copy available to the general public$$fUnrestricted 000153144 5203_ $$aA new empirical exercise for dealing the effects of monetary unions on welfare is developed. The estimates of the effects of adopting the euro using a sample of 216 countries for the 1960–2021 period apply a novel multiple-period differences-in-differences approach. They show a significant and robust negative effect on economic growth of adopting the euro, mainly for the countries with the highest income inequality. 000153144 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S15-24$$9info:eu-repo/grantAgreement/ES/DGA/S39-23R$$9info:eu-repo/grantAgreement/ES/MICINN/PID2020-112773GB-I00$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ2022-CSJ-19 000153144 540__ $$9info:eu-repo/semantics/embargoedAccess$$aby-nc-nd$$uhttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.es 000153144 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000153144 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000153144 773__ $$g22, 30 (2025), [21 pp.]$$tInternational Economics and Economic Policy$$x1612-4804 000153144 8564_ $$s1002415$$uhttps://zaguan.unizar.es/record/153144/files/texto_completo.pdf$$yPostprint$$zinfo:eu-repo/date/embargoEnd/2026-04-02 000153144 8564_ $$s1254721$$uhttps://zaguan.unizar.es/record/153144/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint$$zinfo:eu-repo/date/embargoEnd/2026-04-02 000153144 909CO $$ooai:zaguan.unizar.es:153144$$particulos$$pdriver 000153144 951__ $$a2025-10-17-14:36:39 000153144 980__ $$aARTICLE