Lin, Justin Yifu; Treichel, Volker - Economics Research, World Bank Group - 2012
The simmering sovereign debt crisis in the Euro Zone represents a looming threat to the recovery of the world economy …, notably the adoption of the common currency. Adoption of the euro led to convergence of interest rates in periphery countries … to the levels in core countries and, in combination with rising capital inflows owing to greater financial integration …