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- Title
Explicações alternativas para a crise do Euro e suas implicações.
- Authors
PAES MAMEDE, RICARDO
- Abstract
The paper discusses alternative explanations for the crisis that hit the euro area in 2010-2012. The crisis is inseparable from the accumulation of external imbalances between member countries since the mid-1990s. Therefore, the explanation for its origins has to be found in the identification of the mechanisms that contributed to the accumulation of those imbalances. The different explanations discussed here - convergence between economies, fiscal practices, labour relations, capital flows and specialization profiles - are not mutually exclusive. However, the available evidence suggests that some processes are more relevant than others - and they are not the most obvious.
- Subjects
EUROPEAN Sovereign Debt Crisis, 2009-2018; FINANCIAL crises; PORTUGUESE economy; CAPITAL movements; SAVINGS
- Publication
Analise Social, 2020, Vol 55, Issue 236, p626
- ISSN
0003-2573
- Publication type
Article
- DOI
10.31447/AS00032573.2020236.07