Ultimi link in questa sezione

07/02/2014
I nostri anni migliori in streaming gratuito
07/02/2014
Economic stagnation by design
07/02/2014
Worker freedom in Tennessee
07/02/2014
Tracking the causes of Eurozone external imbalances

Tracking the causes of Eurozone external imbalances

07/02/2014

The Eurozone sovereign debt crisis, triggered by the 2008–09 global financial crisis, exposed macroeconomic imbalances in member countries that had accrued gradually following the advent of the euro in 1999. The growing current-account deficits in the Eurozone periphery and surpluses in the core were a main symptom of these imbalances (Figure 1).1 These patterns of intra-Eurozone current-account imbalances led to the accumulation of large external debts in the Eurozone periphery, matched by growing claims held by commercial banks in the core.

Read more

Tratto da www.voxeu.org
eZ Publish™ copyright © 1999-2015 eZ Systems AS