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Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...
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Should we blame the euro for widening of current account deficits in the EMU? In this paper, we employ time-specific fixed effect estimator to study determinants of the current account deficits of the EU countries before and after adoption of the euro. Our aim is to assess to what extent the...
Persistent link: https://www.econbiz.de/10010429941
" the institutional failures on which the Euro and the Eurozone are built, strengthens them and further weakens the … and persistent, and why the member states of the Eurozone are having such difficulty in returning to a path of balance and …
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This paper analyses the EU's response to the Eurozone sovereign debt crisis. It examines the background to the crisis … inside and outside the Eurozone. Consequently, the paper concludes that these fault lines will characterize the future of …
Persistent link: https://www.econbiz.de/10009788040