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One Currency, Two Europes:Towards a Dual Eurozone

Author

Listed:
  • Bruno Dallago

    (University of Trento, Italy)

Abstract

The aftermath of the US subprime mortgage crisis in 2008 saw its influence spread around the world, including Europe. The European crisis turned out to be longer, deeper and more resilient than anticipated. An unexpected consequence was the increasingly divergent economic and financial situation of two main groups of countries within the Eurozone, which includes the countries that adopt the euro as their common currency. The divergence was caused by a number of factors, fundamentally stemming from the dissimilar economic and financial situation of its member countries and from the incomplete institutional architecture and the monetary and fiscal policies in the Eurozone.

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Suggested Citation

  • Bruno Dallago, 2016. "One Currency, Two Europes:Towards a Dual Eurozone," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 9949.
    • Handle: RePEc:wsi:wsbook:9949
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/9949
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    Cited by:

    1. Grzegorz W. Kołodko & Marta Postuła, 2018. "Determinanty i implikacje poszerzania strefy euro. Kwestia polska," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 5-28.
    2. Sara Casagrande & Bruno Dallago, 2022. "Socio-Economic and Political Challenges of EU Member Countries: Grasping the Policy Direction of the European Semester," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(3), pages 487-519, September.

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