Taking stock and looking ahead.

Guest Editor: Eladio Febrero
Proposed date of publication: 30 June 2019.

In 2019 it will be 20 years since the launch of the euro. Throughout that period of time, 10 years of relative prosperity preceded another 10 years during which there has been a serious economic crisis, from which we are emerging slowly and which has almost cost us the breakdown of the euro.
The crisis has made four things clear. First, that the eurozone lacked the mechanisms required to correct the imbalances that accumulated throughout the prosperity phase. Second, that the eurozone lacked the necessary institutions to implement an economic policy alternative to fiscal austerity and wage devaluation. Third, that such institutions tend to generate a strong backlash, especially in the country with the greatest economic weight in the area, Germany, and that it would only accept a greater level of integration in exchange for more economic discipline at the national level.
The fourth point is that, without the institutional ingredients that are present in a full monetary union, the process of emerging from the crisis is delayed significantly, is weak and is notably non-inclusive.

The 20th anniversary of the euro seems an appropriate time to rethink the single currency. With this objective, the Revista de Economía Crítica has organized a special issue under the title:

“20 Years of the Euro: Taking stock and looking ahead”

We welcome submissions of papers addressing the issue at hand with a variety of different research focuses including but not limited to:

• A single central bank and multiple fiscal authorities. Limits and alternatives for macroeconomic policies.
• Crisis in the eurozone. Causes, consequences and economic policies to fight it.
• Euro governance. Coordination of national policies vs. increased economic and political integration.
• Financial stability.
• Viability of euro exit.
• A federal union of states or a confederate model. Implications for economic policy.

REC will select up to six papers for publication.

Requirements for submission:

Abstract: maximum 200 words;
Full text: maximum 6000 words;
Deadline: 30 June 2018.
Decision accepted / rejected: 30 July 2018.
deadline: 30 December 2018.
Publication: June 2019.

Submissions should be sent to with the subject “20 years euro”.

For further information: REC website: