This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro … crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … unemployment continue to plague euro crisis countries. Its huge current account surplus highlights that the euro currency union …

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …

In a period in which the functioning of the Euro Zone has generated intense debate, this paper aims at providing a … that would promote Euro Zone fiscal discipline and would help eliminate asymmetric shocks, thus creating a more uniform …