Duwicquet, Vincent; Mazier, Jacques; Saadaoui, Jamel - Volkswirtschaftliche Fakultät, … - 2012
The euro zone crisis illustrates the insufficiency of adjustment mechanisms in a monetary union characterized by a large heterogeneity. Firstly, the paper gives an evaluation of exchange rate misalignments inside the euro zone, using a FEER approach (Jeong, Mazier and Saadaoui, 2010). Using...