[HTML][HTML] Benchmarking institutional variety in the Eurozone: an empirical investigation
S Casagrande, B Dallago - Economic Systems, 2021 - Elsevier
The European debt crisis has shown that the future of the European Union (EU) depends on
the willingness of each member country to implement responsible policies, avoid moral
hazard and uncooperative attitudes, and ensure stability and soundness. However, the
European institutional variety means that each member country reacts differently to shocks
and policies, follows a different path of recovery, and adapts to common institutions,
including the common currency, in different ways. Helping countries to converge toward a …
the willingness of each member country to implement responsible policies, avoid moral
hazard and uncooperative attitudes, and ensure stability and soundness. However, the
European institutional variety means that each member country reacts differently to shocks
and policies, follows a different path of recovery, and adapts to common institutions,
including the common currency, in different ways. Helping countries to converge toward a …
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