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Economic and Monetary Union at Twenty: A Stocktaking of a Tumultuous Second Decade

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The contributions to this book examine the two main asymmetries of the Euro Area as they have intensified during the second decade of Economic and Monetary Union (EMU): the first between monetary union (more supranational governance) versus ‘economic’ union (less centralised governance); the second between those Euro Area member states of the so-called ‘core’ and those of the ‘periphery’.

EMU stands as one of the European Union’s (EU) flagship integration achievements. Set up in 1999, with t...