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 …

of the Czech Republic could possibly structurally differ more than the EMU member countries between each other. Then they … conclude that if the EMU is sustainable, the accession of the Czech economy should not change it. …

Differences in economic performance between the USA and the euro area have been the subject of much debate. Even though … answer provided by the analysis is that the Euro Area has made an impressive progress since its initiation, but this has to …

EMU on standard business cycles statistics. However, further analysis reveals that the euro has changed the nature of the …In contrast to the notion that the exchange-rate regime is non-neutral, there is little evidence that EMU has … before and after the introduction of the euro. Exceptions are a strong decline in real exchange rate volatility and a …

The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some … respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become … earlier proposal the ECB can create funds to redress debt. Notably, 400 billion euro can be created and invested in bank …