The Euro as a Dysfunctional Marriage

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

The Euro as a Dysfunctional Marriage

Popis výsledku v původním jazyce

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&apos;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&apos;s key problems, and potentially make its enlargement desirable in the future.

Název v anglickém jazyce

The Euro as a Dysfunctional Marriage

Popis výsledku anglicky

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&apos;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&apos;s key problems, and potentially make its enlargement desirable in the future.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GA19-19485S" target="_blank" >GA19-19485S: Prostorová dynamika a nerovnost: Role konektivity a přístupu k financím</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

World Economics

ISSN

1468-1838

e-ISSN

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Svazek periodika

22

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

44

Strana od-do

27-70

Kód UT WoS článku

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EID výsledku v databázi Scopus

2-s2.0-85111469817