As the Eurozone crisis drags on, it is evident that a part of the problem lies in the architecture of debt and its … liabilities within the Eurozone and, more generally, the European Union. This paper argues that a large part of the problem can be …

affecting export performance and causing rising current account imbalances. While the fiscal position remained manageable before …

The paper assesses the contribution of key factors associated with external imbalances in the Eurozone through the … dynamics in the Eurozone periphery than in the core, whereas competitiveness has been a less prominent factor in the periphery … lending in investments prone to speculative bubbles. Coordination of fiscal policy across the Eurozone would facilitate the …

An extensive literature on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic … implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less … affect growth in opposing directions. Because inequality and poverty are different aspects of the income distribution …