The Euro crisis. Causes and Symptoms
<p>The Euro crisis is mainly a consequence of the international financial crisis of 2008. Thereby, the term Euro crisis is misleading as there is no currency crisis. First, the article shows some of the birth defects of the Euro. Second, it shows that the increase in public debt was caused by...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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Universidad Autonoma de Baja California
2015-06-01
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| Series: | Estudios Fronterizos |
| Subjects: | |
| Online Access: | http://ref.uabc.mx/ojs/index.php/ref/article/view/525 |
| _version_ | 1819060709514805248 |
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| author | Christoph S. Weber |
| author_facet | Christoph S. Weber |
| author_sort | Christoph S. Weber |
| collection | DOAJ |
| description | <p>The Euro crisis is mainly a consequence of the international financial crisis of 2008. Thereby, the term Euro crisis is misleading as there is no currency crisis. First, the article shows some of the birth defects of the Euro. Second, it shows that the increase in public debt was caused by rescue measures for banks and anti-cyclical fiscal policy. Third, we argue that the Euro crisis is not just one crisis (a sovereign debt crisis) but it is a combination of several macroeconomic crises including a growth crisis, a labour market crisis, a public debt crisis, and a current account crisis.</p> |
| first_indexed | 2024-12-21T14:31:18Z |
| format | Article |
| id | doaj.art-7cdc0139028c46e2bb4fddbef18585f9 |
| institution | Directory Open Access Journal |
| issn | 0187-6961 2395-9134 |
| language | English |
| last_indexed | 2024-12-21T14:31:18Z |
| publishDate | 2015-06-01 |
| publisher | Universidad Autonoma de Baja California |
| record_format | Article |
| series | Estudios Fronterizos |
| spelling | doaj.art-7cdc0139028c46e2bb4fddbef18585f92022-12-21T19:00:29ZengUniversidad Autonoma de Baja CaliforniaEstudios Fronterizos0187-69612395-91342015-06-011632247282550The Euro crisis. Causes and SymptomsChristoph S. Weber0Universitaet Erlangen-Nuernberg<p>The Euro crisis is mainly a consequence of the international financial crisis of 2008. Thereby, the term Euro crisis is misleading as there is no currency crisis. First, the article shows some of the birth defects of the Euro. Second, it shows that the increase in public debt was caused by rescue measures for banks and anti-cyclical fiscal policy. Third, we argue that the Euro crisis is not just one crisis (a sovereign debt crisis) but it is a combination of several macroeconomic crises including a growth crisis, a labour market crisis, a public debt crisis, and a current account crisis.</p>http://ref.uabc.mx/ojs/index.php/ref/article/view/525la crisis del euro, crisis financiera internacional, crisis de la deuda pública, crisis del mercado de trabajo, crisis de la balanza de pagos. |
| spellingShingle | Christoph S. Weber The Euro crisis. Causes and Symptoms Estudios Fronterizos la crisis del euro, crisis financiera internacional, crisis de la deuda pública, crisis del mercado de trabajo, crisis de la balanza de pagos. |
| title | The Euro crisis. Causes and Symptoms |
| title_full | The Euro crisis. Causes and Symptoms |
| title_fullStr | The Euro crisis. Causes and Symptoms |
| title_full_unstemmed | The Euro crisis. Causes and Symptoms |
| title_short | The Euro crisis. Causes and Symptoms |
| title_sort | euro crisis causes and symptoms |
| topic | la crisis del euro, crisis financiera internacional, crisis de la deuda pública, crisis del mercado de trabajo, crisis de la balanza de pagos. |
| url | http://ref.uabc.mx/ojs/index.php/ref/article/view/525 |
| work_keys_str_mv | AT christophsweber theeurocrisiscausesandsymptoms AT christophsweber eurocrisiscausesandsymptoms |