Sterdyniak, Henri; Mathieu, Catherine - Université Paris-Dauphine (Paris IX) - 2008
Since the launch of the euro, persistent and even rising disparities among Member States have made it difficult to … implement short-term or structural common economic policies. The article gives an overview of euro area disparities in terms of … benefits of the single currency for catching-up countries, the weaknesses of the euro area economic policy framework; the …