Watt, Andrew; Watzka, Sebastian - 2018 - Completed on 13 June 2018
framework of the Euro Area. However, the existential weaknesses - redenomination risk given doubts about the effectiveness of … countries - have not been resolved. For as long as that is so, the euro area will remain on shaky ground. This report reviews … proposals to strengthen the institutional setup of the euro area. A package is proposed that would rectify the over-reliance on …