FINANCIAL CRISIS 2008 AND THE STABILITY PERFORMANCE OF EASTERN EUROPEAN EU MEMBERS AND GREECE:CHALLENGES FOR THE STABILITY OF THE EURO

Alexander Moheit and Dirk Wentzel
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Alexander Moheit: Hochschule Pforzheim University
Dirk Wentzel: Hochschule Pforzheim University

Interdisciplinary Management Research, 2010, vol. 6, 406-444

Abstract: The financial crisis of 2008 is unprecedented and has led to a completely new situation in the monetary and financial integration of the EU. Some member states of the EU are threatened by bankruptcy which could also risk the achievements of monetary integration and the strong stability performance of the Euro from the last ten years. The exchange rate of the Euro came under stress because the markets are nervously observing how the “Greek tragedy” can be solved without damaging the credibility of the Euro.

Keywords: Financial Crisis; Stability; Exchange Rate (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2010
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