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Declining Japanese Yen in the Changing International Monetary System
The US dollar has kept as a position of key currency in the global economy in the changing international monetary system where the euro was introduced to some states of the EU in 1999. It is an evidence of inertia of the US dollar as a key currency.
Eiji Ogawa , Makoto Muto
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The Euro Debt Crisis and Germany’s Euro Trilemma [PDF]
This paper investigates the causes behind the euro debt crisis, particularly Germany’s role in it. It is argued that the crisis is not primarily a “sovereign debt crisis” but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances, and the corresponding debt flows that such imbalances give rise ...
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Europe’s future - the relevance of Keynes’s economic consequences of the peace [PDF]
The purpose of this paper is to use the analysis and recommendations of The Economic Consequences of the Peace in order to illustrate how Keynes’s approach could be used for an inquiry into the nature of the current euro crisis.
Vujačić Ivan
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Crisis in Europe – Economic Fallout and Degrading Trust
Nowadays, the EU is faced with an unprecedented crisis. Originated in the Unites States of America (USA), the financial crisis soon became global through complex and subtle contagion mechanisms.
Loredana Radu
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The influence of interbank money market stress levels on credit markets during the postcrisis period in the US and the Euro area [PDF]
Despite the anti-crisis measures in the US and the euro area that were the policy response to the global financial crisis in 2007 and 2008, the stress on the interbank money market was still present in 2009 and 2010.
Đukić Đorđe, Đukić Mališa
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Endettement des États et crise de l’euro
Without a right diagnosis, no chance of cure. This can be stated for the Euro crisis. The diagnosis proposed in this paper is that the key origin of this crisis is not a series of high government deficits (non financial origin), but the present mode of ...
Bernard Billaudot
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THE EURO AND CURRENT FINANCIAL CRISIS
This article discusses the issues related to the European single currency in the context of the current global financial crisis. The paper gives an overview on the process and strategy for transition to the European Monetary Union (EMU) and discusses ...
Звездана Манев
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Estonian Economy and Economic Policy during the Economic Crisis
Estonia suffered the deepest economic crisis of its history in 2007-2010; also, the crisis was one of the most troublesome ones among the member states of EU.
Olev Raju
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The New Intergovernmentalism and the Euro Crisis
The new intergovernmentalism seeks to understand the changing dynamics of contemporary European integration. It emphasises, inter alia, member states’ preference for deliberative modes of decision-making and their reluctance to delegate new powers to ...
D. Hodson
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Anti-crisis Politics Assumed by Some Governs from Euro Area [PDF]
Many governments from euro area continue to adopt the EU reglementations and policies anti crisis. Members of governments and parliaments of the euro area try to maintain liquidity in the economic system at this fragile moment of transition between ...
Mioara CHIRITA +2 more
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