Eurozone public debt problem: an analysis from the perspective of the institutions and policies
Based on a synthetic literature review, the present article summarizes the main characteristics of the Eurozone institutional setup and the related economic and political incentives that drive Eurozone governments to increase their public debts, disregarding the limits agreed in the European treatis...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2013-05-01
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| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_1/geo_2013_vol1_art_010.pdf |
| _version_ | 1819081571626385408 |
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| author | Ionela Baltatescu |
| author_facet | Ionela Baltatescu |
| author_sort | Ionela Baltatescu |
| collection | DOAJ |
| description | Based on a synthetic literature review, the present article summarizes the main characteristics of the Eurozone institutional setup and the related economic and political incentives that drive Eurozone governments to increase their public debts, disregarding the limits agreed in the European treatises. We propose a theoretical and qualitative approach, taking into account the general features and the nature of Eurozone institutional setup. The second and third part of the paper contains a review of the Eurozone institutional setup and its role in sovereign debt problem of Euro area while the fourth part of the paper carries out a concise analysis of some proposed strategies and policy tools to fight Eurozone debt problem: ECB bond buying, EFSF/ESM leverage, Eurobonds and Euro-TARP. |
| first_indexed | 2024-12-21T20:02:54Z |
| format | Article |
| id | doaj.art-dfac4b655a64471c873810d6ae675f91 |
| institution | Directory Open Access Journal |
| issn | 2343-9742 2343-9750 |
| language | English |
| last_indexed | 2024-12-21T20:02:54Z |
| publishDate | 2013-05-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj.art-dfac4b655a64471c873810d6ae675f912022-12-21T18:51:56ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502013-05-01118392Eurozone public debt problem: an analysis from the perspective of the institutions and policiesIonela BaltatescuBased on a synthetic literature review, the present article summarizes the main characteristics of the Eurozone institutional setup and the related economic and political incentives that drive Eurozone governments to increase their public debts, disregarding the limits agreed in the European treatises. We propose a theoretical and qualitative approach, taking into account the general features and the nature of Eurozone institutional setup. The second and third part of the paper contains a review of the Eurozone institutional setup and its role in sovereign debt problem of Euro area while the fourth part of the paper carries out a concise analysis of some proposed strategies and policy tools to fight Eurozone debt problem: ECB bond buying, EFSF/ESM leverage, Eurobonds and Euro-TARP.http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_1/geo_2013_vol1_art_010.pdfpublic debtfiscal unionEurobondsECB bond buyingEuro-TARP |
| spellingShingle | Ionela Baltatescu Eurozone public debt problem: an analysis from the perspective of the institutions and policies Global Economic Observer public debt fiscal union Eurobonds ECB bond buying Euro-TARP |
| title | Eurozone public debt problem: an analysis from the perspective of the institutions and policies |
| title_full | Eurozone public debt problem: an analysis from the perspective of the institutions and policies |
| title_fullStr | Eurozone public debt problem: an analysis from the perspective of the institutions and policies |
| title_full_unstemmed | Eurozone public debt problem: an analysis from the perspective of the institutions and policies |
| title_short | Eurozone public debt problem: an analysis from the perspective of the institutions and policies |
| title_sort | eurozone public debt problem an analysis from the perspective of the institutions and policies |
| topic | public debt fiscal union Eurobonds ECB bond buying Euro-TARP |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_1/geo_2013_vol1_art_010.pdf |
| work_keys_str_mv | AT ionelabaltatescu eurozonepublicdebtproblemananalysisfromtheperspectiveoftheinstitutionsandpolicies |