| Description |
1 online resource (xiii, 109 pages) : illustrations |
| Series |
SpringerBriefs in Economics, 2191-5504 |
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SpringerBriefs in economics, 2191-5504
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| 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.
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BUSINESS & ECONOMICS -- Reference.
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UE/CE UEM = Union économique et monétaire.
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UE/CE Euro.
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Crise financière.
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Politique économique.
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Politique monétaire.
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UE/CE Etats membres.
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Economic history
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Economic policy
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International economic relations
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European Union countries -- Economic conditions
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European Union countries -- Economic policy
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European Union countries -- Foreign economic relations
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European Economic Community countries -- Economic conditions.
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European Economic Community countries -- Economic policy.
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European Union countries
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| Form |
Electronic book
|
| ISBN |
9783319000206 |
|
3319000209 |
|
3319000195 |
|
9783319000190 |
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