One proposition that commands universal agreement is that the euro deserves a greater international role, justified by … briefly summarize, the evidence is that nothing of the sort has been happening: after twenty years of existence, the euro … role of the French franc and Deutsche mark before the euro’s inception. The relative weight of the dollar, on the other …

predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental …

This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …