Jager, Jennifer; Hafner, Kurt - In: Intereconomics : review of European economic policy 48 (2013) 5, pp. 315-322
The eurozone crisis has revealed certain shortcomings of the EMU, such as its vulnerability to asymmetric shocks and … increased since the introduction of the euro, dissimilarities in economic structure combined with high degrees of industrial … specialisation have increased the EMU’s vulnerability to asymmetric shocks. Moreover, the lack of labour mobility or a transfer …