The theory of optimal currency areas states that a currency union may succeed if the participating countries have complementary industry structures. If this is not the case a currency union does not, inevitably, have to fail because market forces will induce adjustments of the industry...

Die Europäische Union schickt sich an, wichtige Entscheidungen für ihre Zukunft zu treffen. Der eingesetzte Konvent wird eine europäische Verfassung ausarbeiten, die Entscheidungsmechanismen der Union reformieren soll. Welche ökonomischen Aspekte sollten dabei Berücksichtigung finden? Nach...

The theory of optimal currency areas states that a currency union may succeed if the participating countries have complementary industry structures. If this is not the case a currency union does not, inevitably, have to fail because market forces will induce adjustments of the industry...