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Rechts- und Staatswissenschaftliche Fakultät - Jahrgang 2017

 

Titel Three essays in International Macroeconomics
Developments in the euro area crisis
Autor Martin Wolf
Publikationsform Dissertation
Abstract With the onset of the Great Recession in 2007, the euro area has plunged into its deepest crisis since its inception in 1999. Ten years on, the effects are still visible: euro-area GDP in 2017 is below its 2007 level, the European Central Bank is conducting large-scale Quantitative Easing to fight the spectre of deflation, and there is a continued debate whether the euro area will persist in its current form into the future. While the dimensions of the crisis are manifold, three aspects appear particularly noteworthy and are therefore investigated more rigorously in this thesis: the inherent role of debt and deleveraging, both public and private, the effects of expectations about euro area break-up, and the role of competitiveness gaps among euro `core' (e.g. Germany and the Netherlands) and euro `periphery' (e.g. Greece and Spain).
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© Universitäts- und Landesbibliothek Bonn | Veröffentlicht: 25.07.2017