“Macroeconomic Imbalances” Factor for the Euro Area Debt Crisis Cover Image

Факторът „макроикономически дисбаланси” при възникването и проявлението на дълговата криза в еврозоната
“Macroeconomic Imbalances” Factor for the Euro Area Debt Crisis

Author(s): Viktor Dinev
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: JEL: E00; E60; G01; H60

Summary/Abstract: An attempt is made to systematize the opinions concerning the causes of the debt crisis in the Euro area. The economic governance of the European Union (EU) and its reaction to the crisis are analyzed. The macroeconomic indicators of the EU member states have been examined for the period 2002-2015 (including the fourteen main indicators for macroeconomic imbalances that are monitored by the EU institutions). The study results suggest that among the EU member states there are macroeconomic imbalances of different nature and this is a factor to provoke the Euro area debt crisis. Further reforms in the institutional framework of the economic and monetary union in EU are recommended in the current economic and political conditions.

  • Issue Year: 2017
  • Issue No: 3
  • Page Range: 142-177
  • Page Count: 36
  • Language: Bulgarian