We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
From Contagion to Incoherence towards a Model of the Unfolding Eurozone Crisis.
- Authors
Varoufakis, Yanis
- Abstract
Based on an account of the macroeconomic foundations and political economy underpinning European Monetary Union, this paper presents a simple dynamic model of the mutual reinforcement feedback between (i) the Eurozone's contagion dynamic and (ii) the policy responses of the European Union, including the creation of new institutions (e.g. the European Financial Stability Facility, EFSF, and European Stability Mechanism, ESM), the signing of new treaties (e.g. the Fiscal Past) and, of course, the novel' policies of existing institutions (e.g. the ECB).
- Subjects
CONTAGION (Social psychology); MACROECONOMICS; EUROPEAN Sovereign Debt Crisis, 2009-2018; ECONOMIC &; Monetary Union; EUROPEAN Financial Stability Facility; EUROPEAN Financial Stabilisation Mechanism
- Publication
Contributions to Political Economy, 2013, Vol 32, Issue 1, p51
- ISSN
0277-5921
- Publication type
Article
- DOI
10.1093/cpe/bzt006