The ambitious edifice of the EU’s Economic and Monetary Union (EMU) remains unfinished. According to economists Helge Berger, Giovanni Dell’Ariccia, and Maurice Obstfeld, progress along several fronts is essential to its completion. Any solutions will entail legal, operational and political challenges, but a failure to act, the authors caution, will keep the region susceptible to further crises. getAbstract suggests this informative though dense, granular analysis to policy experts, economists and executives for its timely look at the future of EMU.
In this summary, you will learn
- What the current state of Economic and Monetary Union (EMU) means for the euro zone,
- Why the status quo leaves the area prone to ongoing risks, and
- Why EMU is necessary to unite the region economically and mitigate future financial crises.
About the Authors
Helge Berger, Giovanni Dell’Ariccia and Maurice Obstfeld are economists at the International Monetary Fund.