ARENA Tuesday Seminar: Erik Jones
Erik Jones from the Johns Hopkins University opened the spring series of the Tuesday seminars at ARENA on 24 January 2017. His presentation was entitled 'What’s wrong with the Euro and how to fix it'.
Photo: Bologna Institute, Johns Hopkins University
The euro crisis was overdetermined. Debt, competitiveness, and financial instability all played a role. So did the incomplete architecture of the euro area as a multi-national currency arrangement. The question to consider is whether policy developments in response to the crisis have made matters worse rather than better. With so much action on so many fronts, it is worrying to consider that the euro crisis may soon return. The purpose of this presentation is to prioritize those policy areas where the need for action is most urgent and to explain how selective institution building can bring stability to the euro – and to Europe.
Download the paper (restricted access)
Download the presentation (restricted access)
Please note that this paper is work in progress and thus has limited distribution, please contact us if you would like access. Do not cite without permission from the author.