The Euro: 'As bad as gold'? An examination into the Euro Crisis through the eyes of the gold standard literature
This paper examines whether monetary autonomy can explain the divergence in macroeconomic performance between Euro and Non-Euro countries across the OECD since 2007. The paper also provides a short overview on the gold standard literature. Historical, empirical, and theoretical accounts of the Great Depression have mainly revealed that the economic downturn in the 1930s was largely of monetary nat
