This paper considers the benefits to Greece, the Euro zone and the rest of the world arising from policies that prevent … a Greek default and exit from the Euro, compares these benefits with the costs of the preventive policies and concludes …

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

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

the rate of monetary and financial systems integration deployed within the Euro area is not sustainable in the long run …. Instead of acting as a buffer against external shocks and internal imbalances within the Euro area, the common currency has … a disorderly unwinding of the Euro area over time and the accumulation of significant long-term economic costs of …

French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

, but also outside, the euro area. Despite less asymmetry in shock asymmetry since 1999, new statistical tests support the …

This paper first describes the ingredients the present crisis in the euro zone and then evaluates the key options that … was involved as well. I argue that a more fundamental problem is that the euro zone lacks an adjustment mechanism for …

irrevocablemente el tipo de cambio de sus monedas con respecto a una unidad de cuenta denominada euro, y el Banco Central Europeo …, con lo cual el euro reemplazó a las monedas nacionales de los once países participantes. En la actualidad pertenecen al … área euro trece países. Este trabajo estudia la experiencia de los primeros años del euro, es decir, desde el comienzo de …