Aiyar, Shekhar; Bluedorn, John Christopher; Duval, Romain; … - 2019
-remain significant in the euro area. In part, the differences reflect the lack of a national nominal exchange rate as a mechanism to … national structural policies can help euro area countries better deal with economic shocks. Using a mix of empirical and …-specific circumstances, would help individual euro area economies weather adverse shocks. Higher-quality insolvency regimes are associated …