Maastricht e o Gerenciamento da União Monetária Europeia

Cláudio Gontijo
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Cláudio Gontijo: FACE-UFMG

No 484, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: This article shows that, to a large extent, the European sovereign debt crisis resulted from the institutional arrangement of Maastricht, as well as the policies pursued by the European leadership, formatted from the "new macroeconomic consensus" and the theory of optimal economic area. In particular, it argues that, largely, the crisis and its deepening resulted from the fact that the European Central Bank did not play the role of lender of last resort, as well as the implementation of policies and adjustment focused on cutting public spending and increasing taxation.

Keywords: European Monetary Union; Euro, Maastricht Agreement. (search for similar items in EconPapers)
JEL-codes: E5 E6 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2013-06
New Economics Papers: this item is included in nep-mac
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