Razin, Asaf; Rosenfielde, Steven - In: Contemporary economics 6 (2012) 4, pp. 10-18
The global financial crisis which erupted in the United States instantaneously swept across Europe. Like the United States, the European Monetary Union (EMU) was ripe for a crash. It had its own real estate bubble, specifically in Ireland and Spain, indulged in excessive deficit spending,...
