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quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also …
Persistent link: https://www.econbiz.de/10011430901
quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also … ; Eurozone ; Maastricht Treaty ; European Central Bank ; Euro ; Fiscal union …
Persistent link: https://www.econbiz.de/10009572988
the Eurozone crisis in 2009, irrespective of economic and institutional fundamentals. A subsequent analysis of the markup …
Persistent link: https://www.econbiz.de/10011317827
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
We compare the experience of Latin American external debt crises, in particular the one in the 80s, with the current European one. We do so with the aim of shedding some light on the needed adjustment mechanisms. We argue for the need of much larger debt relief in Europe. To address the moral...
Persistent link: https://www.econbiz.de/10010402569
quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also …
Persistent link: https://www.econbiz.de/10013102556
We investigate the relationship of the market pricing of sovereign risk to default, through CDS spreads for 16 Eurozone … discrimination between South and West Euro Area Periphery (SWEAP) and the core Eurozone, highlighting asymmetries discovered either … words, the “fragility hypothesis of the Eurozone” …
Persistent link: https://www.econbiz.de/10012976894
Why did Europe fail to manage the euro area crisis and what lessons can be drawn from this failure for Europe's future? Studying the EU/IMF program that was imposed on Greece in May 2010 — the original sin of the crisis — highlights both the nature of the problem and the difficulty in...
Persistent link: https://www.econbiz.de/10013013481
the Eurozone crisis in 2009, irrespective of economic and institutional fundamentals. A subsequent analysis of the markup …
Persistent link: https://www.econbiz.de/10013016093
eurozone membership switched from positive to negative. In addition, GDP growth gained a lot of importance for highly indebted …
Persistent link: https://www.econbiz.de/10012992598