The Genesis of the Eurozone Sovereign Debt Crisis

Philippe d’Arvisenet

Chapter 1 in Managing Risks in the European Periphery Debt Crisis, 2015, pp 3-37 from Palgrave Macmillan

Abstract: Abstract The euro crisis is often said to have been the consequence of an excessive debt, private or public, and finally both. But that excessive debt would not have resulted in such a serious crisis had the eurozone institutions properly ensured the correct working of the mechanisms of a monetary union.

Keywords: Monetary Policy; Fiscal Policy; Monetary Union; Debt Ratio; Unit Labour Cost (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30495-7_1

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DOI: 10.1057/9781137304957_1

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