Fostering cyclical convergence in the Euro Area
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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During the first decade of the currency union, business cycle fluctuations among Euro Area countries were relatively synchronised and similar in magnitude. This concordance disappeared during the 2008 financial turmoil and the following European sovereign debt crisis, a time when key flaws in the architecture of the euro area became apparent. The...
