The economic crisis which started in 2008 led to a strong rise in public debts. The sovereign debt crisis in euro area southern countries broke the unity of the euro area and weakened the ?single currency? concept. The paper shows that this situation is not due to a lack of fiscal discipline in...

The different monetary regime choices of two strikingly similar economies Finland and Sweden have created a particularly interesting testing ground for the benefits of the EMU. We assess the effects of the regime choice by simulating the behaviour of the Swedish economy with National Institute?s...