Bernoth, Kerstin Bremus, Franziska Dany-Knedlik, Geraldine Enderlein, Henrik Fratzscher, Marcel Guttenberg, Lucas Kriwoluzky, Alexander Lastra, Rosa M.
Year of Publication:
DIW Berlin: Politikberatung kompakt 134
We analyse the first twenty years of the euro both from an economic and an institutional perspective. We find that in particular during the period since the financial crisis, convergence as measured by a variety of indicators has not improved. Design flaws in the Eurozone institutional architecture have contributed importantly to this lack of convergence. This is why further reforms are urgently needed.
This policy contribution was prepared for the European Parliament Committee on Economic and Monetary Affairs ahead of the European Parliament's Monetary Dialogue in January 2019.