Chapter 5: Implications of the crisis for the euro area

Giancarlo Corsetti, Michael Devereux, Luigi Guiso, John Hassler, Gilles Saint-Paul, Hans-Werner Sinn, Jan-Egbert Sturm and Xavier Vives

EEAG Report on the European Economy, 2010, 11-127

Abstract: The current crisis has led many analysts to re-assess the role of the euro. At face value, the euro area has done relatively well at avoiding the massive financial crisis of the Anglo-Saxon countries. Does the crisis prove the virtues of the euro, or can it be a source of tensions that stress the viability of the monetary union?

Date: 2010
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