Governance, Institutional Quality and the Euro Area Crisis: What Lessons to East Asian Integration?

We find that institutional quality of an individual country was highly and significantly correlated with its economic performance in the euro area. We argue that governance reforms proposed at present do not suffice to resolving the fundamental problems of the EMU governance system unless disparitie...

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Bibliographic Details
Main Authors: Seung-Gwan Baek, Yonghyup Oh
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2013-12-01
Series:East Asian Economic Review
Subjects:
Online Access:http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.4.270