A mechanism of self-destruction of the eurozone

de Grauwe, Paul ORCID: 0000-0001-5225-1301 (2010) A mechanism of self-destruction of the eurozone. CEPS commentaries. Centre for European Policy Studies, Brussels, Belgium.

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Abstract

Drawing an analogy with the ill-fated Exchange Rate Mechanism (ERM) of the pre-eurozone era, Paul De Grauwe argues in a new CEPS Commentary that the creation of a sovereign debt default mechanism is a very bad decision that will make the eurozone more fragile by making financial crises an endemic feature.

Item Type:	Monograph (Report)
Official URL:	http://www.ceps.eu/
Additional Information:	© 2010 Centre for European Policy Studies
Divisions:	European Institute
Subjects:	H Social Sciences > HG Finance J Political Science > JZ International relations
JEL classification:	E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy (Targets, Instruments, and Effects) E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt; Debt Management
Date Deposited:	08 Oct 2012 09:48
Last Modified:	12 Dec 2024 05:52
URI:	http://eprints.lse.ac.uk/id/eprint/46646

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