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The Future Of The Euro: Assessing The Viability Of The Common Currency Through The Lens Of Classical Optimum Currency Area Theory, Richard L. Cappellazzo

Economics Student Theses and Capstone Projects

The Eurozone, it appears, is in a constant state of crisis. While other major economic players have mainly recovered from the 2008 Global Financial Crisis, the Eurozone as a whole seems to have never escaped the economic malaise caused by that dreadful event. Perhaps more startling is the divergence seen within the Eurozone itself, as a few relatively wealthier, healthier members such as Germany and Austria pull away from the larger pack of poorer, languishing ones, such as Greece and Portugal. A currency union should be effective and cohesive, yet the Eurozone has been largely ineffective and fragmented in handling …