The European fiscal reform and the plight of the euro

Robert Mundell

Global Finance Journal, 2012, vol. 23, issue 2, 65-76

Abstract: This paper presents the background and development of the global crisis of 2007–2008 and subsequent developments that are current today. It distinguishes four phases of the crisis: sub-prime mortgage crisis, soaring dollar and the Lehman Brothers fiasco, US and global recession, and, finally, European debt crisis. In the above context, the benefits and costs of joining the Eurozone are presented with special emphasis on the Polish perspective. The need for fiscal reforms and concerns regarding Eurozone institutions are addressed.

Keywords: Financial crisis; Global economy; Eurozone; Fiscal reforms; Euro (search for similar items in EconPapers)
JEL-codes: E52 E63 F02 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1044028311000275
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:23:y:2012:i:2:p:65-76

DOI: 10.1016/j.gfj.2011.10.009

Access Statistics for this article

Global Finance Journal is currently edited by Manuchehr Shahrokhi

More articles in Global Finance Journal from Elsevier
Bibliographic data for series maintained by Catherine Liu ().