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Does the Eurozone need a fiscal capacity?

By Alexander Kuchta
eBook
$39.00
By Alexander Kuchta
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Master's Thesis from the year 2015 in the subject Economics - Other, grade: 1,3, University of Frankfurt (Main), language: English, abstract: The European Monetary and Economic Union (EMU) is often described as a house without a roof. It is nice to be in it when the sun is shining but a horrible place to be when it starts to rain. A roof in this case alludes to the fact that the Euro is a currency without a state. MacDougall (1977) has addressed this issue in the 1970's where he highlighted...