Fahrholz, Christian; Wójcik, Cezary - In: Journal of Banking & Finance 37 (2013) 11, pp. 4665-4674
This study argues that the key issue for defining and solving the Eurozone’s (EZ) difficulties lies in readjusting the relationship between the centre and the periphery of the EZ. Our argument proceeds in two steps. Firstly, the basic finance problem of a centre-periphery system is captured by...