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Should we blame the euro for widening of current account deficits in the EMU? In this paper, we employ time-specific fixed effect estimator to study determinants of the current account deficits of the EU countries before and after adoption of the euro. Our aim is to assess to what extent the...
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Fiscal and Monetary Policy in the Eurozoneoffers systematic analyses of the economic policy framework of the Eurozone …
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The view is widespread that there are just two options for the future of the Eurozone – either it is complemented by a … in the centre of the current debate on fiscal union in the Eurozone. Second, we argue that the fiscal union will only …
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