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Happy Birthday? The Euro at 20: Monetary Dialogue January 2019

Diskussionspapiere extern

Kerstin Bernoth, Franziska Bremus, Geraldine Dany-Knedlik, Henrik Enderlein, Marcel Fratzscher, Lukas Guttenberg, Alexander Kriwoluzky, Rosa Lastra

Bruxelles: European Parliament, 2019, 30 S.
(In-depth Analysis)

Abstract

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 document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

Alexander Kriwoluzky

Head of Department in the Macroeconomics Department

Geraldine Dany-Knedlik

Research Associate in the Macroeconomics Department

Kerstin Bernoth

Deputy Head of Department in the Macroeconomics Department

Franziska Bremus

Research Associate in the Macroeconomics Department

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