Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/125742 
Authors: 
Year of Publication: 
2015
Series/Report no.: 
WWWforEurope Working Paper No. 87
Publisher: 
WWWforEurope, Vienna
Abstract: 
The paper summarises the channels and mechanisms which lead to the emergence of macroeconomic imbalances in the EMU before, in and after the crisis of 2008/09. It focuses on the role of the specific institutional setting of the EMU in these developments and outlines the key reforms which are necessary to eliminate the imbalances and prevent them from re-emerging.
Subjects: 
EMU
macroeconomic imbalances
European economic policy
JEL: 
E02
E52
E62
F32
F33
F42
Document Type: 
Working Paper
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