The Future of EMU

The European Commission sponsored a project on the future of EMU over the last few months: this Economic Brief by Robert Kuenzel and Eric Ruscher provides an overview. Some of the papers are now available in the European Economy Economic Papers series (including my own paper “Capital Flows in the Euro Area”):

498 – Europe’s Quest for Fiscal Discipline
497 – Capital Flows in the Euro Area
496 – Post-Crisis Reversal in Banking and Insurance Integration: An Empirical Survey
495 – An Integrated Financial Framework for the Banking Union: Don’t Forget Macro-Prudential Supervision
494 – Systemic Risk and Home Bias in the Euro Area
493 – Finance at Center Stage: Some Lessons of the Euro Crisis
492 – Country adjustment to a ‘sudden stop’: Does the euro make a difference?
491 – Design Failures in the Eurozone – can they be fixed?
490 – Policy Coordination, Convergence, and the Rise and Crisis of EMU Imbalances
489 – Do Sound Public Finances Require Fiscal Rules Or Is Market Pressure Enough?
488 – Wage Bargaining Institutions – from crisis to crisis
487 – The Political Economy of Structural Reform and Fiscal Consolidation Revisited

2 replies on “The Future of EMU”

And the articles by Soros and Sinn with the former’s blog post reply to the latter. (H/T Eurointelligence).

http://www.businessinsider.com/george-soros-comment-on-hans-werner-sinn-2013-4

With the public hearings of the Constitutional Court on the ESM scheduled for 11 June, and the Bundesbank’s formal negative legal view now in the public domain, it is difficult to see how even Merkel can effect any improvement in sentiment this side of the German elections. Indeed, the prognosis must be for further damage emerging from the deepening political divide in German with regard to how to proceed with regard to the euro crisis.

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