Jager, Jennifer; Hafner, Kurt - In: Intereconomics : review of European economic policy 48 (2013) 5, pp. 315-322
The eurozone crisis has revealed certain shortcomings of the EMU, such as its vulnerability to asymmetric shocks and its inability to act as predicted by the theory of optimum currency areas. Although the share of intra-EU trade has increased since the introduction of the euro, dissimilarities...
