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A mechanism of self-destruction of the eurozone

de Grauwe, Paul (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 (Other)
Official URL: http://www.ceps.eu/
Additional Information: © 2010 Centre for European Policy Studies
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
Sets: Departments > European Institute
Collections > Economists Online
Date Deposited: 08 Oct 2012 09:48
Last Modified: 08 Oct 2012 09:48
URI: http://eprints.lse.ac.uk/id/eprint/46646

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