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, these processes could help the transition of the euro from its current status of single currency to a status of “common …
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The global economy has experienced considerable turbulence since 2007. The financial crisis has been viewed as the trigger for a prolonged period of economic decline. This decline remains an issue for all member states of the European Union, the eurozone and beyond. We argue genesis of this...
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The euro area will not have a centralized budget, and smoothing of country-specific asymmetric shocks via private …
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All explorations of the future of the Euro show serious risks for its survival in the present form. The road map of the … Five EU Presidents presented in 2015 is far from sufficient to reduce the risks of the Euro zone falling apart by Brexit … risk of the Euro‐area falling apart in a chaotic way, through further divergence in labor productivity, through new Banking …
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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 …
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