Roger Filmyer

Date of Award

2013

Document Type

Thesis

Degree Name

Bachelors

Department

Social Sciences

First Advisor

Khemraj, Tarron

Keywords

Euro Crisi, EU, Optimal Currency Areas, Fiscal Union

Area of Concentration

Economics

Abstract

This thesis analyzes the Euro Crisis by looking at the institutions of the EU and characteristics of the Eurozone's economy. Chapter 1 looks at Optimal Currency Theory (the theoretical underpinning of the Euro), evaluates the suitability of the Eurozone as an Optimal Currency Area, and discusses Endogenous OCA Theory and Neo-Chartalism as alternative theoretical approaches to currency union. Chapter 2 explores three crises of euro governance: the sudden initial depreciation, the 2003 Stability and Growth Pact (SGP) Crisis, and the failure of the Eurozone banking system in 2009. Additionally, it addresses the worsening environment for European Integration in the wake of the Euro Crisis. Chapter 3 considers the consequences of Eurozone breakup and proposes three solutions: Banking Union, Fiscal Union, and Political Union.

Rights

This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.

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