Introduction : understanding the euro experiment -- The political economy of monetary solidarity -- Economic risk sharing between states -- A short history of risk sharing in the US monetary union -- The system of limited risk sharing in the euro area -- The euro area crisis as a stress test for monetary solidarity -- Monetary solidarity by default and by design -- Social solidarity through labor market integration -- Monetary solidarity in financial integration -- The experiment of the euro
Summary
This volume provides a political economy approach to examine how the euro experiment came about and was sustained despite a severe crisis
