000 03387nam a22005535i 4500
001 978-3-319-00020-6
003 DE-He213
005 20200420211744.0
007 cr nn 008mamaa
008 130906s2014 gw | s |||| 0|eng d
020 _a9783319000206
_9978-3-319-00020-6
024 7 _a10.1007/978-3-319-00020-6
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
100 1 _aSanchis i Marco, Manuel.
_eauthor.
245 1 4 _aThe Economics of the Monetary Union and the Eurozone Crisis
_h[electronic resource] /
_cby Manuel Sanchis i Marco.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2014.
300 _aXIII, 109 p. 14 illus., 12 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringerBriefs in Economics,
_x2191-5504
505 0 _aThe 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.
520 _aA 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.
650 0 _aMacroeconomics.
650 0 _aInternational economics.
650 0 _aEuropean Economic Community literature.
650 0 _aPublic finance.
650 0 _aLabor economics.
650 1 4 _aEconomics.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aEuropean Integration.
650 2 4 _aInternational Economics.
650 2 4 _aLabor Economics.
650 2 4 _aPublic Economics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783319000190
830 0 _aSpringerBriefs in Economics,
_x2191-5504
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-319-00020-6
912 _aZDB-2-SBE
942 _cEBK
999 _c50864
_d50864