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E-book
Author Sanchis Marco, Manuel, author.

Title The economics of the monetary union and the Eurozone crisis / Manuel Sanchis i Marco
Published Cham : Springer, [2013?]
©2014

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Description 1 online resource (xiii, 109 pages) : illustrations
Series SpringerBriefs in Economics, 2191-5504
SpringerBriefs in economics, 2191-5504
Contents The Economics of Monetary Union: the Theory of Optimum Currency Areas (OCAs) -- The Economic Rationale of Fiscal Rules in OCAs: The SGP and the EDP -- To Cope with Asymmetric Shocks in EMU: The Role of Labour Market Flexibility -- The Concept of Labour Market Flexicurity in the Eurozone -- The Spanish Case: The Housing Market Bubble and External Disequilibria -- The Global Crisis and Alternative Scenarios to Save the Euro: A Spanish Perspective -- Appendix: Ideology and Economics in the Failure of Lehman Brothers
Summary A regulatory idea conducted this work: the need to connect the economic rationale of the theory of currency areas with the current EU institutional frame of the European monetary unification process. The latter includes the recent revamping of fiscal rules of the Stability and Growth Pact, and calls for enhancing flexicurity in EU labour markets. The lack of EU political leadership is a dead-weight loss to build a genuine economic and monetary union, and risks to blow-up the whole project. Further, it undermines the internal macroeconomic logic of a single currency like the euro, and gives a prominent non-democratic role to financial markets. As it happened in the past with the gold-standard, the euro condemns today the peripheral countries to a deflationary process which might last for a decade. A more pro-European approach is needed with both sides of the system (core and periphery) making the required adjustment efforts, though in the opposite way, to save the eurozone and Europe
Bibliography Includes bibliographical references
Notes Online resource; title from PDF title page (SpringerLink, viewed September 9, 2013)
Subject BUSINESS & ECONOMICS -- Economics -- General.
BUSINESS & ECONOMICS -- Reference.
UE/CE UEM = Union économique et monétaire.
UE/CE Euro.
Crise financière.
Politique économique.
Politique monétaire.
UE/CE Etats membres.
Economic history
Economic policy
International economic relations
SUBJECT European Union countries -- Economic conditions
European Union countries -- Economic policy
European Union countries -- Foreign economic relations
European Economic Community countries -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85045812
European Economic Community countries -- Economic policy. http://id.loc.gov/authorities/subjects/sh89006824
Subject European Union countries
Form Electronic book
ISBN 9783319000206
3319000209
3319000195
9783319000190