default. It is argued that the current crisis in Europe illustrates why the euro is not a real contender for hegemony in the … near future. -- Dollar ; Euro ; International Currency …

A technical analysis shows that the doomsayers who support the euro at all costs and those who naively theorize that a … single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same … the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country …

Imbalances ; Sectoral Balances Approach ; Modern Money Theory ; Debt Cancellation ; Global Financial Crisis ; Euro Crisis ; EMU …

Yet another rescue plan for the European Monetary Union (EMU) is making its way through central Europe, but no one is … profligate spending by some nations but rather the setup of the EMU itself. We then turn to US problems, assessing the …

of giving up sovereignty (Argentina and the European countries of the EMU) and the benefits of regaining it (Argentina … suitable to its specific economic, social, and political context. Alternatively, the euro area will have to create a fiscal …

originated from the financial convergence that followed adoption of the euro. …

inherited from Germany’s mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also … warranted. -- Economic and Monetary Union ; euro ; European Central Bank; global imbalances ; global crisis ; intra …

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … threaten the euro's survival. The crisis in Euroland poses a global "too big to fail" threat, and presents a moral hazard of … perhaps unprecedented scale to the global community. -- Euro ; Monetary Union ; Banking Crisis ; Balance-of-Payments Crisis …

that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into … excessively optimistic, and that proposals featuring the central bank as the euro’s savior through even more radical employment of …

, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … misunderstanding has made Germany the main culprit in the euro crisis, but it has yet to face the full consequences of its actions …