We take a new approach to the study of the impact of EMU on consumption smoothing that allows a broader range of …-country holdings of property and claims, as is often the case. Consequently, we find that while EMU tends to smooth consumption, it is … through an increase in the harmonization of regulations. Some of the consumption smoothing may also depend on EU membership …

The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many … the other hand, the current EU integration architecture already contains several elements of fiscal union. Furthermore, in … believe that a common currency requires closer fiscal and political integration as a condition for its survival. This opinion …

The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many … the other hand, the current EU integration architecture already contains several elements of fiscal union. Furthermore, in … believe that a common currency requires closer fiscal and political integration as a condition for its survival. This opinion …

The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many … the other hand, the current EU integration architecture already contains several elements of fiscal union. Furthermore, in … believe that a common currency requires closer fiscal and political integration as a condition for its survival. This opinion …