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The future of European Monetary Union (EMU) stands as one of the most important economic issues of the era. The author argues that in the event of macroeconomic shocks, rather than acting as a cohesive force, EMU could give rise to disunity. As EMU is not an optimal currency area, asymmetric...
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This IW Analysis examines the institutional architecture necessary for the longterm stability of the Eurozone. In the … public debate on the consequences of the Eurozone crisis it is increasingly being maintained that European Monetary Union …
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"Recent Eurozone reforms mark the most profound deepening of European integration since Maastricht. This book analyses … condition for rebuilding trust and restarting the gradual convergence of Eurozone reform preferences." …
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