COMMENTS on GOVERNMENT BUDGETS of EUROPEAN COUNTRIES after MONETARY UNION

Kemal Cebeci ()
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Kemal Cebeci: Marmara University

No 3105224, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The public debt problems in Greece, Ireland, Portugal, Spain and other countries in last decade underline the fiscal risks and importance of fiscal discipline in Europe. Effects of euro, (independent monetary policy) have been discussed in the literature and accepted as one of the trigger factor of debt crisis. Becoming a member of monetary union creates a pressure and less elasticity over montary authorities of european countries. At this reseacrh we try to observe the budget performance of european countries after monetary union. In addition we comparatively examine the differences in budget performances between member and non-member countries of monetary union.

Keywords: monetary union; fiscal crisis; budget deficit; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 E62 H00 (search for similar items in EconPapers)
Pages: 1 page
Date: 2015-11
New Economics Papers: this item is included in nep-mac
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Published in Proceedings of the Proceedings of the 20th International Academic Conference, Madrid, Nov 2015, pages 61-61

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:3105224

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