The Euro crisis. Causes and Symptoms

The Euro crisis. Causes and Symptoms

The Euro crisis is mainly a consequence of the international financial crisis of 2008. Thereby, the term Euro crisis is misleading as there is no currency crisis. First, the article shows some of the birth defects of the Euro. Second, it shows that the increase in public debt was caused by rescue me...

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Autor principal: S. Weber, Christoph
Formato: Online
Lenguaje:spa
eng
Publicado: Universidad Autónoma de Baja California 2015
Acceso en línea:https://ref.uabc.mx/ojs/index.php/ref/article/view/525
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spelling oai:ojs.localhost:article-5252019-11-04T19:12:28Z The Euro crisis. Causes and Symptoms La Euro crisis. Causas y síntomas S. Weber, Christoph Euro crisis financial crisis sovereign debt crisis unemployment balance of payment imbalances. Social Sciences Economy Economic fluctuations Finance Public debts la crisis del euro crisis financiera internacional crisis de la deuda pública crisis del mercado de trabajo crisis de la balanza de pagos. Ciencias sociales Economía Las fluctuaciones económicas Finanzas Deudas públicas The Euro crisis is mainly a consequence of the international financial crisis of 2008. Thereby, the term Euro crisis is misleading as there is no currency crisis. First, the article shows some of the birth defects of the Euro. Second, it shows that the increase in public debt was caused by rescue measures for banks and anti-cyclical fiscal policy. Third, we argue that the Euro crisis is not just one crisis (a sovereign debt crisis) but it is a combination of several macroeconomic crises including a growth crisis, a labour market crisis, a public debt crisis, and a current account crisis. La crisis del euro es principalmente una consecuencia de la crisis financiera internacional de 2008. Pero el término “crisis del euro” es engañoso ya que no es una crisis de moneda. En primer lugar, el artículo muestra algunos de los defectos originarios en las políticas que dieron nacimiento al euro. En segundo lugar, muestra que el aumento de la deuda pública resulta de las medidas de rescate para los bancos y de la política fiscal anticíclica. En tercer lugar, se sostiene que la crisis del euro no consiste sólo en una crisis (la crisis de la deuda pública), sino que se trata de una combinación de varias crisis macroeconómicas que incluye una crisis de crecimiento, una crisis del mercado de trabajo, una crisis de la deuda pública y una crisis de la balanza de pagos. Universidad Autónoma de Baja California 2015-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/html application/pdf text/html application/epub+zip application/epub+zip https://ref.uabc.mx/ojs/index.php/ref/article/view/525 10.21670/ref.2015.32.a09 Estudios Fronterizos Revista; Vol. 16 No. 32 (2015); 247-282 Estudios Fronterizos; Vol. 16 Núm. 32 (2015); 247-282 2395-9134 0187-6961 spa eng https://ref.uabc.mx/ojs/index.php/ref/article/view/525/848 https://ref.uabc.mx/ojs/index.php/ref/article/view/525/859 https://ref.uabc.mx/ojs/index.php/ref/article/view/525/877 https://ref.uabc.mx/ojs/index.php/ref/article/view/525/884 https://ref.uabc.mx/ojs/index.php/ref/article/view/525/908 https://ref.uabc.mx/ojs/index.php/ref/article/view/525/909 Europe, 1995-2011 Europa, 1995-2011 Derechos de autor 2015 Estudios Fronterizos
institution Estudios Fronterizos
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language spa
eng
format Online
author S. Weber, Christoph
spellingShingle S. Weber, Christoph
The Euro crisis. Causes and Symptoms
author_facet S. Weber, Christoph
author_sort S. Weber, Christoph
title The Euro crisis. Causes and Symptoms
title_short The Euro crisis. Causes and Symptoms
title_full The Euro crisis. Causes and Symptoms
title_fullStr The Euro crisis. Causes and Symptoms
title_full_unstemmed The Euro crisis. Causes and Symptoms
title_sort euro crisis. causes and symptoms
description The Euro crisis is mainly a consequence of the international financial crisis of 2008. Thereby, the term Euro crisis is misleading as there is no currency crisis. First, the article shows some of the birth defects of the Euro. Second, it shows that the increase in public debt was caused by rescue measures for banks and anti-cyclical fiscal policy. Third, we argue that the Euro crisis is not just one crisis (a sovereign debt crisis) but it is a combination of several macroeconomic crises including a growth crisis, a labour market crisis, a public debt crisis, and a current account crisis.
publisher Universidad Autónoma de Baja California
publishDate 2015
url https://ref.uabc.mx/ojs/index.php/ref/article/view/525
_version_ 1715723781332271104

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