31.10.2018 - Studies
The expectation that the member states of the European Monetary Union would adapt over time to the requirements of a single European currency has not been fulfilled. In order to ward off a politically and economically costly collapse of the euro, it is therefore necessary to restructure the European currency. In this paper, we propose a renewal of the euro as “100% money” in a regime of competition with other types of money.
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08.06.2018 - Economics, Politics & Philosophy
The predetermined breaking point of the euro area is increasing
byPlan B for Paolo Savona's withdrawal from the euro is expected to be more difficult to implement since 2015 due to significantly higher "withdrawal costs", which reduces the likelihood that the new Italian government will intentionally and ...
20.09.2018 - Macroeconomics
byMore than 26 years ago, renowned economists from Germany warned against the monetary policy rules set out in the Maastricht Treaty. Accordingly, a lack of convergence of economic structures would pose a danger to Europe. Economic structures have not ...
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