Ricardo Hausmann focuses on differences in export capacity in this FT op-ed.
I argue that the fiscal ‘compact’ will not turn the currency union into a full monetary union in this paper from a conference before Christmas;
http://www.ucd.ie/t4cms/WP12_02.pdf
and in another that Croatia, which voted to join the EU a couple of weeks back, should think carefully about joining the currency union as currently constituted:
http://www.ucd.ie/t4cms/WP12_03.pdf
It would be nice to get solemn acknowledgement all round that fiscal rectitude is a good thing. It would be even nicer if some political attention could focus on what kind of EMU 2.0 might actually work in the long term.
Patrick Honohan’s latest book launch speech is here.
Gerard Kennedy and Tara McIndoe-Calder provide an overview of the state of Irish mortgages in this article in the latest CB quarterly bulletin – available here.