عنوان

The economics of the monetary union and the Eurozone crisis

Standard Number

2147

.Language of Text, Soundtrack etc

English

Title Proper

The economics of the monetary union and the Eurozone crisis

Place of Publication, Distribution, etc.

Cham

Name of Publisher, Distributor, etc.

Springer

Date of Publication, Distribution, etc.

2014

Specific Material Designation and Extent of Item

)xiii, 109 pages( : illustrations

Series Title

SpringerBriefs in economics

Text of Note

A regulatory idea conducted this work: the need to connect the economic rationale of the theory of currency areas with the current EU institutional frame of the European monetary unification process. The latter includes the recent revamping of fiscal rules of the Stability and Growth Pact, and calls for enhancing flexicurity in EU labour markets. The lack of EU political leadership is a dead-weight loss to build a genuine economic and monetary union, and risks to blow-up the whole project. Further, it undermines the internal macroeconomic logic of a single currency like the euro, and gives a prominent non-democratic role to financial markets. As it happened in the past with the gold-standard, the euro condemns today the peripheral countries to a deflationary process which might last for a decade. A more pro-European approach is needed with both sides of the system )core and periphery( making the required adjustment efforts, though in the opposite way, to save the eurozone and Europe.

Entry Element

Economic conditions ، European Union countries

Entry Element

Economic policy ، European Union countries

Entry Element

Foreign economic relations ، European Union countries

Class number

Relator Code

AU

Entry Element

Manuel Sanchis Marco

NO

Shelving Form of Title, Author, Author/Title

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