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An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The … (analogous to Germany today).However Bretton Woods is very different from the Eurozone in many dimensions. An even better analogy … than BWS is a comparison of the clearing mechanism in the U.S.--The Gold Settlement account-- with the Target payments …
Persistent link: https://www.econbiz.de/10013051313
An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The …However Bretton Woods is very different from the Eurozone in many dimensions. An even better analogy than BWS is a … comparison of the clearing mechanism in the U.S.--The Gold Settlement account-- with the Target payments mechanism for the …
Persistent link: https://www.econbiz.de/10012458395
This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...
Persistent link: https://www.econbiz.de/10009757118
Persistent link: https://www.econbiz.de/10009781098
Persistent link: https://www.econbiz.de/10010486521
authoritarianism. Europe has dragged the world into hideous morasses twice in the last one hundred years... it can do it again. Yanis … Varoufakis, the former Finance Minister of Greece, shows here that the Eurozone is a house of cards destined to fall without a … buttressing a form of bigotry unseen since the Second World War. Here, Varoufakis offers concrete policies that the rest of the …
Persistent link: https://www.econbiz.de/10011421904
Preface : the red blanket -- And the weak suffer what they must -- An indecent proposal --Troubled pilgrims -- Trojan horse -- The one that got away -- The reverse alchemists -- Back to the future -- Europe's crisis, America's future -- Afterword : from dissonance to harmony
Persistent link: https://www.econbiz.de/10011579606
Goldstandards 1973 über die Machtkämpfe zwischen Deutschland und Frankreich um Dominanz in der Eurozone bis zu den fatalen Folgen …
Persistent link: https://www.econbiz.de/10011472707
distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross …
Persistent link: https://www.econbiz.de/10011975657