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

Hancké, Bob ORCID: 0000-0002-3334-231X (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). Website.

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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:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/europpblog/
Additional Information:	© 2012 The Author
Divisions:	European Institute
Subjects:	J Political Science > JN Political institutions (Europe)
Date Deposited:	04 Apr 2013 15:04
Last Modified:	11 Dec 2024 12:59
URI:	http://eprints.lse.ac.uk/id/eprint/49579

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