Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - Istituto Einaudi per l'Economia e la Finanza (EIEF) - 2015
Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer...