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Persistent link: https://www.econbiz.de/10011508835
The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is … campaign that can only impoverish Europe to a public investment campaign designed to secure Europe's future. No mutualization …
Persistent link: https://www.econbiz.de/10010204687
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted. …
Persistent link: https://www.econbiz.de/10011308548
The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many …
Persistent link: https://www.econbiz.de/10010187949
work if political integration in Europe goes significantly beyond the current state of affairs. Third, we suggest an …
Persistent link: https://www.econbiz.de/10009525226
This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US … Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of … crisis as discussed in literature. Some of them relate directly to weaknesses inherent in the institutional design of the …
Persistent link: https://www.econbiz.de/10011402491
The euro crisis was typically presented as excessive fiscal deficits leading to the accumulation of unsustainable … commitment to international competitiveness. This article demonstrates that the German export-led growth strategy generated large … trade and current account deficits throughout the euro zone in the 2000s. When the global financial crisis struck the …
Persistent link: https://www.econbiz.de/10010849649
This paper studies how fiscal rules interact with the intergovernmental fiscal framework to foster fiscal discipline among European subnational governments. We use political variables describing the fiscal attitudes of the central government as instruments to obtain consistent estimates of the...
Persistent link: https://www.econbiz.de/10012977755
This paper studies how fiscal rules interact with the intergovernmental fiscal framework to foster fiscal discipline among European subnational governments. We use political variables describing the fiscal attitudes of the central government as instruments to obtain consistent estimates of the...
Persistent link: https://www.econbiz.de/10012994514
This paper describes the institutional flaws that led to the euro crisis, assesses the institutional reforms that were … put in place during and in the aftermath of the crisis, and evaluates the remaining fragilities of the architecture of the … European monetary union. In mid-2017, growth in the euro area appears to be finally picking up after 10 years of recessions and …
Persistent link: https://www.econbiz.de/10011723767