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 …

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

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 …

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 …

. At the same time, these processes could help transition the euro from its current status as the single currency to the …

institutional deficiencies share responsibility for the euro's failure, the bank has generally done "too little, too late" with … regard to managing the euro crisis, preventing protracted stagnation, and containing deflation threats. The bank remains … attached to the euro area’s official competitive wage-repression strategy, which is in conflict with the ECB's price stability …