Making the ECB the central bank of a non-federal coalition of states
The recent crisis has shown that the inconsistent design of the Euro area had previously produced financial convergence, not integration. The crisis increased fragmentation thus further exposing the limits of the single monetary policy. The absence of a common fiscal authority impedes the birth of a...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2015-06-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/13156/12975 |