The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis
This study aims to review how the Eurozone has been formed and to analyze how it has been formed on weak roots, both in public finance and politics. Contrary to economical ideas, political grounds tested the endeavor of creating a powerful the monetary union. Hence, it was very clean to predict upc...
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| Format: | Article |
| Language: | English |
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EconJournals
2014-11-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/969 |
| _version_ | 1797911558207045632 |
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| author | Gulbahar UCLER Hale KIRMIZIOGLU |
| author_facet | Gulbahar UCLER Hale KIRMIZIOGLU |
| author_sort | Gulbahar UCLER |
| collection | DOAJ |
| description |
This study aims to review how the Eurozone has been formed and to analyze how it has been formed on weak roots, both in public finance and politics. Contrary to economical ideas, political grounds tested the endeavor of creating a powerful the monetary union. Hence, it was very clean to predict upcoming the debt crisis. According to those assumptions known, pre-crisis problems of the countries has been reviewed. Latter, the crisis’ permanency has been tested via PANKPSS if it’s permanent or not? Mainstream acknowledgement on the literature agrees on the crisis is permanent and might lead to dire consequences. Nevertheless, nexus between those countries which has been forged by political bounds cannot be broken by that crisis; thus, the Eurozone might not be break down.
Keywords: Eurozone; Sovereign Debt Crisis; Second Generation Unit Root Tests; PANKPSS
JEL Classifications: B23; E60; F34; G01; G38; H6.
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| first_indexed | 2024-04-10T11:42:34Z |
| format | Article |
| id | doaj.art-0ca332f90d304848a4c48dd268b1331d |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T11:42:34Z |
| publishDate | 2014-11-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-0ca332f90d304848a4c48dd268b1331d2023-02-15T16:17:27ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382014-11-0151The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the CrisisGulbahar UCLER0Hale KIRMIZIOGLUAhi Evran University- Faculty of Economics and Administrative Sciences, Department of Economics. Turkey This study aims to review how the Eurozone has been formed and to analyze how it has been formed on weak roots, both in public finance and politics. Contrary to economical ideas, political grounds tested the endeavor of creating a powerful the monetary union. Hence, it was very clean to predict upcoming the debt crisis. According to those assumptions known, pre-crisis problems of the countries has been reviewed. Latter, the crisis’ permanency has been tested via PANKPSS if it’s permanent or not? Mainstream acknowledgement on the literature agrees on the crisis is permanent and might lead to dire consequences. Nevertheless, nexus between those countries which has been forged by political bounds cannot be broken by that crisis; thus, the Eurozone might not be break down. Keywords: Eurozone; Sovereign Debt Crisis; Second Generation Unit Root Tests; PANKPSS JEL Classifications: B23; E60; F34; G01; G38; H6. https://www.econjournals.com/index.php/ijefi/article/view/969 |
| spellingShingle | Gulbahar UCLER Hale KIRMIZIOGLU The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis International Journal of Economics and Financial Issues |
| title | The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis |
| title_full | The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis |
| title_fullStr | The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis |
| title_full_unstemmed | The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis |
| title_short | The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis |
| title_sort | reasons of eurozone sovereign debt crisis and an empirical analysis over permanency of the crisis |
| url | https://www.econjournals.com/index.php/ijefi/article/view/969 |
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