recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current … of the EMU.The following Section II (“The Impact of the Three Major Crises During the Period 2007-2021”) develops on how … the (2007-2009) Global Financial Crisis (GFC), the subsequent fiscal crisis in the euro area and the most recent pandemic …

The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators …

justified? Are stability and growth objectives possible in EMU? What is the scope for national economic policy in the new policy … imbalances succeeded in preserving the stability and integrity of the euro area. While the priority given by the EU policy action … financial stability and overall welfare. Policies enhancing both stability and growth are possible in EMU and some of them have …

, (iv) the creation of a euro bond market serviced by taxes collected by the EU government, (v) the ability to learn from …

, these processes could help the transition of the euro from its current status of single currency to a status of “common …

Should we blame the euro for widening of current account deficits in the EMU? In this paper, we employ time … of the euro. Our aim is to assess to what extent the increased current account deficits could be attributed to the single … currency and to the role of other variables, especially fiscal policy and developments of financial sector. We show that euro …

displacement of the prevalent world monetary system. Enhanced competition between dollar and euro as international currencies …

Die Finanzkrise 2007/2008 und die derzeitige "Euro-Krise" stellen das bisherige Weltwährungssystem in Frage. Sie legt … sich ein multipolares Leitwährungssystem herausbilden, in dem neben dem gegenwärtig dominierenden US-Dollar auch der Euro …