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The lack of monetary sovereignty is not the reason Eurozone countries struggled during the crisis

Mabbett, Deborah and Schelkle, Waltraud ORCID: 0000-0003-4127-107X (2014) The lack of monetary sovereignty is not the reason Eurozone countries struggled during the crisis. LSE European Politics and Policy (EUROPP) Blog (03 Apr 2014). Website.

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Abstract

One of the most widespread arguments about the Eurozone crisis is that countries such as Greece, Spain and Italy have been hamstrung by their lack of monetary sovereignty and the ability to devalue their own currency. Deborah Mabbett and Waltraud Schelkle assess this perspective by comparing the experiences of Greece with Hungary, which does not use the euro, and Latvia, which previously pegged its currency to the euro before joining the single currency in 2014. They find that while there are real problems with the crisis management in the Euro area, monetary sovereignty is not the solution.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2014 The Author(s)
Divisions: European Institute
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Date Deposited: 03 Apr 2017 09:36
Last Modified: 13 Sep 2021 23:18
URI: http://eprints.lse.ac.uk/id/eprint/72038

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