The euro monetary union with a flawed conceptual framework / Vítor Bento -- The endogeneity of OCA conditions and macroeconomic imbalances in EMU / Carlos Vieira and Isabel Vieira, Department of Economics, Universidade de Évora and CEFAGE, Évora, Portugal -- Trends in business cycles...

The sustainability of European economic and monetary union (EMU) has been questioned over the last few years. Criticism has focused on the missing democratic dimension behind recent governance reforms, and the lack of compensating output legitimacy. The paper considers the seriousness of this...