as possible spillover effects within the euro area. All in all, spillover effects are relatively small …

of real misalignments across different country groupings (euro area, non-euro area, advanced and emerging economies …), shows they are smaller in the euro area than in its main trading partners. However, in the euro area real disequilibria are …

misalignments are found to be smaller in the euro area than in its main trading partners, they are also more persistent, although …

misalignments are found to be smaller in the euro area than in its main trading partners, they are also more persistent, although …

inherited from Germany’s mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also … warranted. -- Economic and Monetary Union ; euro ; European Central Bank; global imbalances ; global crisis ; intra …

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 …

There are striking similarities between the 'Krach' of 1929 and the current euro area debt crisis concerning the … reparations in general and now by intra-euro-area trade imbalances. Current account deficits entail necessarily public and … possible then due to the Gold Standard and the Dawes Plan arrangements and now with the euro as the common currency. Therefore …

Eurozone country would have evolved without adopting the Euro. We let this matching algorithm determine which combination of … other developed economies best resembles the pre-Euro path of twelve Eurozone economies. Our estimates suggest that there … show that for the majority of Eurozone countries, Euro spurred government consumption and deterred investment and private …

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 …

-inflationary bias, feature prominently in this collective odyssey. The analysis shows that the crisis of the euro today is largely the …