The Eurozone Debt Crisis: Causes and Policy Recommendations

Olzhas Zhorayev

MPRA Paper from University Library of Munich, Germany

Abstract: During the first decade of its existence, the Eurozone performed relatively better than other large OECD economies. However, the debt crisis challenged the currency union and tested its resilience. This paper analyses the European debt crisis from the comparative political economy perspective and suggests policy options to address the fundamental roots of the crisis.

Keywords: Debt crisis; macroeconomic imbalances; currency union; optimal currency area; varieties of capitalism; fiscal consolidation; structural reforms (search for similar items in EconPapers)
JEL-codes: P16 P51 (search for similar items in EconPapers)
Date: 2020-01-31
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:106331

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