In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an …

Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …

Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …

Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …

characterized the crisis of the euro, while several countries of Eurozone have entered in a phase of slow and even negative growth …The Eurozone countries are still trying to find a way out to the crisis that has affected the European Monetary Union … the single currency. The crisis of the Eurozone has shown that a sustainable currency union requires more governance …

characterized the euro crisis, while several countries of the Eurozone have entered a phase of slow and even negative growth. All …The Eurozone countries are still seeking a way out of the crisis that has been affecting the European Monetary Union … currency. The crisis of the Eurozone has shown that a sustainable currency union requires more governance because of the higher …

intermediate partners by domino effect. Our application addresses the impact of the launch of the Euro. We find that the indirect …

over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area … tends to be more balanced when nominal exchange rates are flexible. Intra-euro area imbalances also seem to have become more … persistent with the introduction of the euro, some of which is linked to labor market inflexibility. Reviewing the direction of …