Cyprus in the Eurozone

Michalis Sarris

Chapter 1 in The Cyprus Bail-in:Policy Lessons from the Cyprus Economic Crisis, 2016, pp 3-8 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Membership of the Eurozone creates opportunities and can offer substantial benefits to its member nations. Trade expansion in the context of a much larger market for goods and services, substantial capital movements and the pursuit of investment opportunities facilitated by a stable currency, an environment of low interest rates, and overall moderate inflation have helped stimulate the labor market and increased the overall standard of living throughout the Eurozone, including Cyprus. However, membership also calls for responsible economic policy choices, including adherence to the provisions of zone-wide agreements…

Keywords: Cyprus Crisis; Bail-in; Stress Tests; Sovereign Debt Crisis; Banking Crisis; Euro; Emergency Liquidity Assistance (search for similar items in EconPapers)
Date: 2016
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