Gabrisch, Hubert - In: Wirtschaft im Wandel 15 (2009) 3, pp. 123-131
The long lasting, but externally financed boom in the new EU countries has collapsed under the impacts of the global … financial crisis. The countries’ fiscal and monetary authorizes do not seem to be able to effectively resist – a deep crisis is … institutionally tied, and an expansionary fiscal policy would trigger off speculative attacks on the exchange rate. Neither the …