Tag: EMU
-
Special Issue of International Economics
It is an immense pleasure to announce that the Special Issue of International Economics is now online: The European Economy in the Time of COVID-19: Towards…
-
The fragility of an incomplete monetary union with Mathematica
In this blog, I will show how to build a model of the fragility of an incomplete monetary union. The idea is to find the optimal…
-
Special Issue of International Economics
It is an immense pleasure to announce that the call for papers for the International Economics special issue is now online. Please have no hesitation to…
-
Un moment Hamiltonien pour l’Europe… L’histoire sans fin ?
in OpinionL’Histoire ne rampe pas. L’Histoire bondit. Nassim Nicholas Taleb (2008). Dans ces temps troublés pour l’économie mondiale plongée dans un coma artificiel, l’union monétaire européenne est…
-
Europe’s Hamiltonian moment… Again
in OpinionHistory does not crawl. History jumps. Nassim Nicholas Taleb (2008). In these dark times of ’Coronacoma’ for the World Economy, the European Monetary Union is on…
-
Can we limit divergence in a monetary union?
To allow national fiscal stabilizers to work, governments must be able to borrow at an affordable cost in times of economic stress. A strong fiscal framework…
-
Devaluing (without devaluing) to prosperity
Even with more flexible economies, internal adjustment will always be slower than it would be if countries had their own exchange rate. Mario Draghi (2015). The…
-
Sur la situation des désalignements de change après le vote du Brexit
Entre le déclenchement de la crise de l’euro et le vote britannique sur la sortie du Royaume-Uni de l’Union Européenne, nous avons assisté à une réduction…
-
Comment réduire les déséquilibres de compétitivité dans la zone euro ?
Le processus d’ajustement est obligatoire pour le débiteur et facultatif pour le créancier. Si le créancier choisit ou non de réaliser sa part de l’ajustement, il…
-
Competitiveness imbalances in the eurozone
The process of adjustment is compulsory for the debtor and voluntary for the creditor. If the creditor does not choose to make, or allow, his share…