Cavaco Silva, Aníbal A. - In: Economic globalization and governance : essays in honor …, (pp. 111-119). 2021
This chapter explores an institutional challenge still facing the European Monetary Union (EMU) after the Eurozone … asymmetrical shocks, in addition to the common monetary policy. Indeed, the EMU remains highly vulnerable to shocks without some …. Thus, the next recession may see them accept and establish a macro-stabilization function for the Euro area. …