The euro crisis and the monetary union’s reforms (notice n° 577226)
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|---|---|
| fixed length control field | 01518cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121134727.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Dor, Éric |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The euro crisis and the monetary union’s reforms |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2019.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 43 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The main objective of this article is to highlight the main flaws in the Economic and Monetary Union and their responsibility vis-à-vis the recent euro crisis. First, we show that the combined absence of fiscal federalism, of a fully functioning banking resolution mechanism, and of the coordination of macroeconomic policies have induced an asymmetric reaction to the symmetric shock of the subprime crisis. Subsequently, we explain how these construction defects have led to a financial fragmentation of the euro area. Finally, we indicate how the divergences of political positions of the euro area member states suggest that limited progress will be made in resolving these weaknesses, raising our concerns regarding the future economic performance of the monetary union.JEL classification: E52, E58, E61, G01, F33 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | optimum currency area |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | financial market fragmentation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Economic and Monetary Union |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | euro area |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Reflets et perspectives de la vie économique | Volume LVI | 4 | 2019-03-11 | p. 59-79 | 0034-2971 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-reflets-et-perspectives-de-la-vie-economique-2017-4-page-59?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-reflets-et-perspectives-de-la-vie-economique-2017-4-page-59?lang=en&redirect-ssocas=7080</a> |
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