European Clearing Union

Mark Baimbridge and Philip Whyman

Chapter 11 in Crisis in the Eurozone, 2015, pp 171-185 from Palgrave Macmillan

Abstract: Abstract In previous chapters, the limitations inherent within the current eurozone economic framework have been highlighted. These include: design flaws in the methods to assess initial convergence; the lack of fiscal federalism to moderate inevitable asymmetric shocks to the currency union; and, more recently, a slow recognition of the problems caused by the international financial crisis and its fiscal after-effects, together with a presently inadequate policy response.

Keywords: Central Bank; European Central Bank; Full Employment; Capital Movement; International Monetary System (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32903-5_11

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DOI: 10.1057/9781137329035_11

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