The euro monetary union with a flawed conceptual framework / Vítor Bento -- The endogeneity of OCA conditions and macroeconomic imbalances in EMU / Carlos Vieira and Isabel Vieira, Department of Economics, Universidade de Évora and CEFAGE, Évora, Portugal -- Trends in business cycles...

The global financial crisis of 2007-09 constituted the biggest shock to the economies of the OECD nations since the Second World War, testing budgetary systems and causing most of their governments to move into intense crisis mode. Policy responses by governments and international authorities...