The Euro as a Dysfunctional Marriage

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F21%3A10248006" target="_blank" >RIV/61989100:27510/21:10248006 - isvavai.cz</a>
Result on the web
<a href="https://www.world-economics-journal.com/Journal/Papers/The%20Euro%20as%20a%20Dysfunctional%20Marriage.details?ID=831" target="_blank" >https://www.world-economics-journal.com/Journal/Papers/The%20Euro%20as%20a%20Dysfunctional%20Marriage.details?ID=831</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Euro as a Dysfunctional Marriage
Original language description
The paper examines the functioning of the euro area with emphasis on the desirability of its further enlargement. This is based on theoretic research regarding optimal currency areas, empirical studies on the euro area in the past 20+ years, as well as historical experiences of two monetary unions in Europe in the late 19th and early 20th century. The discussion highlights a number of problems in the euro area's design and documents the damage caused - especially in the periphery (Southern) countries. Consequently, the analysis implies that it would be too risky for the seven countries on the accession list (Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania and Sweden) to adopt the euro at this point. It is also argued that in most of these countries voters do not seem to be sufficiently informed to adequately assess all the pros and cons of euro accession. The paper concludes by outlining structural reforms that could in principle alleviate the euro area's key problems, and potentially make its enlargement desirable in the future.
Czech name
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Czech description
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Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
<a href="/en/project/GA19-19485S" target="_blank" >GA19-19485S: Spatial Dynamics and Inequality: The Role of Connectivity and Access to Finance</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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