The economic and monetary union countries vs. the global crisis

Tadeusz Kowalski

MPRA Paper from University Library of Munich, Germany

Abstract: The global financial and economic crisis revealed institutional weaknesses and structural problems of particular Economic and Monetary Union (EMU) countries. The crisis and slowdown that followed had an impact on their relative competitiveness. Financial and economic turbulences of recent years shed new light on the scale and scope of interdependences in the world economy. They uncovered economic and institutional flaws of the very EMU itself. The paper focuses on EMU countries real sector reactions to the financial disturbances. Both comparative static and dynamic approaches are used in order to assess the scope and pace of adjustments triggered by the global crisis.

Keywords: financial crisis; competitiveness; Economic and Monetary Union (search for similar items in EconPapers)
JEL-codes: E32 F14 F33 F34 F40 F41 F42 F43 (search for similar items in EconPapers)
Date: 2012-02-14
New Economics Papers: this item is included in nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37942

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