Bibow, Jörg - In: International Review of Applied Economics 27 (2013) 3, pp. 360-385
This paper investigates the causes behind the Euroland crisis, particularly Germany's role in it. It is argued that the crisis is not primarily a 'sovereign debt crisis', but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances, and...