Large versus Small States in The Eurozone, The Democratic Deficit, and Future Architecture.

Ioannides, Yannis Menelaos.


  • Paper presented at the conference "Cyprus: Five Years in the Eurozone," Tassos Papadopoulos Foundation, Nicosia, May 17-18, 2013. The paper reviews the differences in various macro policy parameters between the US and the Eurozone. It then develops a stylized model of a fiscal union within a monetary union and examines broad policy options and advantages that adding a fiscal union confers on a ... read more
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