The European Monetary Union: Costs and Benefits

Emi Nakamura, a Chazen Senior Scholar and the David W. Zalaznick Associate Professor of Business at Columbia Business School, explains why it would be costly for Greece to exit the euro -- and why EU members should follow the model of the United States. She spoke at an event on February 2, 2012, sponsored by The Chazen Institute of International Business at Columbia Business School.