CEPII, Recherche et Expertise sur l'economie mondiale
Addressing macroeconomic imbalances within the euro area: still a long road ahead
The shock caused by the 2007-08 financial collapse, followed by the European sovereign debt crisis, has raised new doubts about the ability of the single currency to work well in a region with huge economic and political diversity. It has also given a new dimension to this debate by highlighting the building-up of unsustainable macroeconomic imbalances within the European Monetary Union (EMU).
Virginie Coudert, Cécile Couharde, Carl Grekou, Valérie Mignon
Trade & Globalization
Competitiveness & Growth
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Europe
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Economic Policy