One of the arguments frequently made against the euro is that the Eurozone represents a ‘non-optimal’ currency area. This derives from the notion that the variations between regions within the Eurozone are simply too large for them to share a single currency without encountering problems. Waltraud Schelkle assesses this argument by comparing the experience of the Eurozone […]
About Waltraud Schelkle
Waltraud Schelkle is a Associate Professor of Political Economy at the European Institute of the London School of Economics.