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A depreciation of the euro is not the silver bullet to solve the eurocrisis that many are looking for

Hancké, Bob (2012) A depreciation of the euro is not the silver bullet to solve the eurocrisis that many are looking for. LSE European Politics and Policy (EUROPP) Blog (15 Nov 2012) Blog Entry.

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Abstract

Some commentators are now advocating a devaluation of the euro, citing that this would help the uncompetitive economies of the South to export more to non-EU countries as well as benefiting the eurozone’s larger economies such as Germany. Bob Hancké assesses the merits of devaluing the currency, but finds that owing to the eurozone’s relatively closed nature as a trade area, the process would likely exacerbate the current north/south current account divergence.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2012 The Author
Library of Congress subject classification: J Political Science > JN Political institutions (Europe)
Sets: Departments > European Institute
Collections > LSE European Politics and Policy (EUROPP) Blog
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 04 Apr 2013 15:04
URL: http://eprints.lse.ac.uk/49579/

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