Jager, Jennifer; Hafner, Kurt - In: Intereconomics : review of European economic policy 48 (2013) 5, pp. 315-322
its inability to act as predicted by the theory of optimum currency areas. Although the share of intra-EU trade has …The eurozone crisis has revealed certain shortcomings of the EMU, such as its vulnerability to asymmetric shocks and … specialisation have increased the EMU’s vulnerability to asymmetric shocks. Moreover, the lack of labour mobility or a transfer …