Sawyer, MC (2013) The problematic nature of the Economic and Monetary Union. In: Fadda, S and Tridico, P, (eds.) Financial crisis, labour market and institutions. Routledge , 79 - 97. ISBN 978-0-415-53860-2
Abstract
The on-going crisis of the eurozone is calling its continued existence into doubt, and raising questions on whether it can function effectively. The view of the nature of the eurozone crisis as arising from ‘design faults’ of the Economic and Monetary Union and a balance of payments crisis with large current account imbalances between countries is developed. The policy remedies (in the form of the ‘fiscal compact’) which are being put into place will not work in their own terms and will make the economic performance of the eurozone countries worse. Some Keynesian remedies for the crisis in terms of alternative policy proposals for the operation of the Economic and Monetary Union are outlined.
Metadata
Item Type: | Book Section |
---|---|
Authors/Creators: |
|
Editors: |
|
Copyright, Publisher and Additional Information: | (c) 2013, Routledge. This is an author produced version of a paper published in Financial crisis, labour market and institutions. Uploaded with permission from the publisher. |
Keywords: | Economic and Monetary Union; Fiscal compact; Budget deficits; Structural reforms |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 09 Dec 2013 10:52 |
Last Modified: | 23 Apr 2017 17:08 |
Published Version: | http://www.routledge.com/books/details/97804155386... |
Status: | Published |
Publisher: | Routledge |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:77129 |