Macroeconomic imbalances and institutional reforms in the EMU

The paper summarises the channels and mechanisms which lead to the emergence of macroeconomic imbalances in the EMU before, in and after the crisis of 2008/09. It focuses on the role of the specific institutional setting of the EMU in these developments and outlines the key reforms which are necessary to eliminate the imbalances and prevent them from re-emerging.

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Year of publication:	2015
Authors:	Ederer, Stefan
Publisher:	Vienna : WWWforEurope
Subject:	EMU \| macroeconomic imbalances \| European economic policy

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Series:	WWWforEurope Working Paper ; 87
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	835352234 [GVK] hdl:10419/125742 [Handle] RePEc:feu:wfewop:y:2015:m:3:d:0:i:87 [RePEc]
Classification:	E02 - Institutions and the Macroeconomy ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F33 - International Monetary Arrangements and Institutions ; F42 - International Policy Coordination and Transmission
Source:	EconStor

Persistent link: https://www.econbiz.de/10011411058