This article nests the explanations of the euro crisis in terms of economic, political and institutional causes within the diverging fundamentals vs. self-fulfilling expectations debate. It argues that explanations based on fundamental divergences refer to a subset of economic variables only, while those based on self-fulfilling expectations refer to political and institutional variables. However, since there is no reason not to include the latter among the fundamental variables of an economy, there is no need to refer to negative self-fulfilling expectations as an explanation for the crisis. In the paper, the role played by political and institutional variables, namely federal and monetary solidarity, is formalized in a simple model of div...
he paper looks at the deep and the direct causes of the crisis in the Eurozone and considers what ch...
A number of economists warned that a political union was a prerequisite for a viable currency union....
The paper argues that the crisis, mistakenly interpreted as a standard fiscal/balance of payments pr...
This article nests the explanations of the euro crisis in terms of economic, political and instituti...
This article addresses puzzles raised by the Euro crisis: why was EMU established with limited insti...
The recent euro area crisis shows some similarities with the fixed exchange rate crisis that affecte...
The euro area crisis has been commonly interpreted as due to divergences in economic fundamentals re...
Half a decade has passed since the subprime market financial meltdown, which was the onset for the E...
This article introduces the special issue on the political economy of the Euro crisis, which aims to...
This article explores the link between the financial crisis and Euroscepticism at the level of publi...
This article explores the link between the financial crisis and Euroscepticism at the level of publi...
From autumn 2009 onwards, the Euro area has experienced a sustained economic crisis that has mutated...
This article examines two distinct types of narratives prevalent in academic writing and popular pre...
The Eurozone crisis constitutes a grave challenge to European integration. This article presents an ...
Published online: 15 Jun 2017Why is the management of the Eurozone crisis marked by persistently div...
he paper looks at the deep and the direct causes of the crisis in the Eurozone and considers what ch...
A number of economists warned that a political union was a prerequisite for a viable currency union....
The paper argues that the crisis, mistakenly interpreted as a standard fiscal/balance of payments pr...
This article nests the explanations of the euro crisis in terms of economic, political and instituti...
This article addresses puzzles raised by the Euro crisis: why was EMU established with limited insti...
The recent euro area crisis shows some similarities with the fixed exchange rate crisis that affecte...
The euro area crisis has been commonly interpreted as due to divergences in economic fundamentals re...
Half a decade has passed since the subprime market financial meltdown, which was the onset for the E...
This article introduces the special issue on the political economy of the Euro crisis, which aims to...
This article explores the link between the financial crisis and Euroscepticism at the level of publi...
This article explores the link between the financial crisis and Euroscepticism at the level of publi...
From autumn 2009 onwards, the Euro area has experienced a sustained economic crisis that has mutated...
This article examines two distinct types of narratives prevalent in academic writing and popular pre...
The Eurozone crisis constitutes a grave challenge to European integration. This article presents an ...
Published online: 15 Jun 2017Why is the management of the Eurozone crisis marked by persistently div...
he paper looks at the deep and the direct causes of the crisis in the Eurozone and considers what ch...
A number of economists warned that a political union was a prerequisite for a viable currency union....
The paper argues that the crisis, mistakenly interpreted as a standard fiscal/balance of payments pr...