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, the eurozone and beyond. We argue genesis of this crisis lies in the integration negotiations of 1991, ratified in 1992 …. These produced a flawed economic model within the eurozone. Given the seeds of decay were planted at origin; we argue the … solution can be found through a reconstructed eurozone via looser integration, where countries less equipped to deal with the …
Persistent link: https://www.econbiz.de/10011449877
crisis in the Euro-zone is driven primarily by fiscal fragility in the South. A relatively simple model shows how poor …
Persistent link: https://www.econbiz.de/10013066126
Persistent link: https://www.econbiz.de/10010251353
The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and members of a monetary union. In addition, we model the...
Persistent link: https://www.econbiz.de/10010211960
Persistent link: https://www.econbiz.de/10009697974
Stellgrößen das Risiko birgt, die Wachstumsrate der Eurozone weiter zu verringern. Es wird festgestellt, dass in der Vergangenheit … unten korrigiert wurden, während die makroökonomische Situation der Eurozone sich seit dem Beginn der Eurozonenkrise im …
Persistent link: https://www.econbiz.de/10009672514
Persistent link: https://www.econbiz.de/10009229900
After reviewing the main determinants of the current Eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments with Eurozone institutions and the IMF. We show that the introduction … of fiscal currencies would speed up the recovery, without violating the rules of Eurozone Treaties. At the same time …
Persistent link: https://www.econbiz.de/10011542675
After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments to eurozone institutions and the International Monetary Fund. We show … that the introduction of fiscal currencies would speed up the recovery, without violating the rules of eurozone treaties …
Persistent link: https://www.econbiz.de/10011481615
Persistent link: https://www.econbiz.de/10011375791