Showing 1 - 10 of 55
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …
Persistent link: https://www.econbiz.de/10008798227
Persistent link: https://www.econbiz.de/10011948231
Persistent link: https://www.econbiz.de/10012200503
The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable overinvestment booms...
Persistent link: https://www.econbiz.de/10011619626
Persistent link: https://www.econbiz.de/10011788972
Persistent link: https://www.econbiz.de/10009356814
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10009743745
Persistent link: https://www.econbiz.de/10010225053
Persistent link: https://www.econbiz.de/10010230159
Persistent link: https://www.econbiz.de/10010382145