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Economic divergences among Eurozone countries have played an increasingly important role in ECB decision-making since the start of the crisis.

Bouvet, Florence and King, Sharmila (2013) Economic divergences among Eurozone countries have played an increasingly important role in ECB decision-making since the start of the crisis. LSE European Politics and Policy (EUROPP) Blog (07 Jun 2013). Blog Entry.

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Abstract

Do national economic shocks, such as the debt crisis in Greece, influence ECB interest rate decisions? As Florence Bouvet and Sharmila King note, the ECB officially bases its decision-making on euro-wide data, rather than the situation in individual Eurozone countries. However, this ‘one size fits all’ approach may be inappropriate in cases where there are fundamental economic differences between individual countries. Outlining the results of a study into ECB decision-making, they find that national divergences, particularly among those in the Eurozone’s periphery, have played an increasingly important role during the financial and sovereign debt crises.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2013 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 05 Apr 2017 12:51
Last Modified: 26 Aug 2019 23:18
URI: http://eprints.lse.ac.uk/id/eprint/72608

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