Kubíček, Jan - In: Politická ekonomie 2006 (2006) 6, pp. 816-833
The paper deals with unintended consequences of the monetary union for the level of debt in the member countries of the … the low inflation ones (e.g. Germany). Different rates of growth of private or total domestic debt in individual countries … were closely connected to inflation differentials. Thus the debt was rising very rapidly in high inflation countries …
