Alexiou, Constantinos; Nellis, Joseph G. - In: Panoeconomicus 60 (2013) 6, pp. 813-836
This paper provides a critical assessment of the austerity measures that are being implemented in the crisis-stricken countries of the Eurozone, and in particular, the implications of internal devaluation for the Greek economy. The theoretical underpinnings and phases of internal devaluation are...
