On Origins and Implications of the Sovereign Debt Crisis in the Euro Area
On Origins and Implications of the Sovereign Debt Crisis in the Euro Area
Author(s): Rajmund Mirdala, Anna Ruščáková
Subject(s): Economy, Supranational / Global Economy
Published by: ASERS Publishing
Keywords: sovereign; debt crisis; euro area; development;
Summary/Abstract: The current Euro Area crisis has revealed certain flaws of the Euro Area, such as its vulnerability toasymmetric shocks and its inability to act as assumed by the optimum currency area theory (Jagerand Hafner, 2013). It has highlighted the serious lack of confidence in the ability of the Euro Area toface challenges resulting from political and economic development in the Euro Area countries and inthe world economy (Goméz-Puig and Sosvilla-Rivero, 2012).
Book: The Euro Area and the Economic Crisis
- Page Range: 7-34
- Page Count: 28
- Publication Year: 2016
- Language: English
- Content File-PDF