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The paper argues that the Greek debt crisis, as well as those of other Southern European countries and Ireland, has to be seen in macroeconomic context. The sum of the public sector balance, the (domestic) private sector balance and the current account deficit (or equivalently: the capital...
Persistent link: https://www.econbiz.de/10010670267
the Eurozone. Specifically, the tightening of fiscal rules is not adequate, the reform does not constitute a step forward …
Persistent link: https://www.econbiz.de/10011130289
that a shock in the economy (high foreign institutional flows, foreign direct investment, recession, etc.) is reflected in …
Persistent link: https://www.econbiz.de/10009352440
Persistent link: https://www.econbiz.de/10009778027
loss of confidence. Early mistakes over Greece fed contagion throughout the euro-zone. No institution acted as neutral …This article compares today's euro-zone debt crisis, in terms of economic diplomacy, with the earlier crisis in Latin … total failure to reconcile tensions in the euro-zone crisis. Growing imbalances between debtors and creditors led to serious …
Persistent link: https://www.econbiz.de/10010670162
The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries …. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the … statistically equal only in the early years of the EMU if we consider the four countries. If we consider Germany, France and Spain …
Persistent link: https://www.econbiz.de/10008755247
debt. Disciplinary fields as varied as logic, accounting, finance, psychology, geopolitics, economics, statistics, ethics …-rigid compartmentalisation of knowledge in particular that which is centred on economics alone. This approach comes in sharp contrast to …
Persistent link: https://www.econbiz.de/10010669854
, Eurozone societies. A review of EMU's origins and first years of EMU would thus be remiss without national case studies. France …. It has often taken the lead, worked to make the architecture of Europe conform to its desires and protested about the … constraints that this new Europe placed on its national life. And nowhere have these contradictory outlooks been as clear as in …
Persistent link: https://www.econbiz.de/10010669632
limited individual economy's government interference as proposed by the Austrian School's economics. … factor towards the establishment of a strong economic future for the global economy as well as for the Euro Zone as discussed … liberalised economics with the common monetary and fiscal policies optimising the economic performance of the union which ensures …
Persistent link: https://www.econbiz.de/10010669161
1991 Treaty on the European Union in Maastricht. This paper looks backwards to past monetary unions in Western Europe and … implications of the first decade of the Euro and to extend this understanding forwards to Europe and beyond. …
Persistent link: https://www.econbiz.de/10010669631