This was by no means an insignificant factor in Finland’s recovery from the recession of the 1990s and the establishment of healthier public finances. Finland’s EMU report, produced in the 1990s by a professorial group under the leadership of Jukka Pekkarinen, stressed the need to improve our economy’s ability to adjust particularly to asymmetric shocks.
When the exchange rate is fixed and a country surrenders its own currency, the economy’s most important channels for adapting are domestic prices and wages. The long recession following the financial crisis showed that there remains a need to strengthen 1/3  BIS central bankers' speeches  Finland’s ability to adjust.