The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Solutions

Richard Baldwin Francesco Giavazzi


The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Solutions

The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Solutions

  • Title: The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Solutions
  • Author: Richard Baldwin Francesco Giavazzi
  • ISBN: null
  • Page: 317
  • Format: Kindle Edition



The EZ Crisis is a long way from finished The latest VoxEU eBook presents a consensus view of what caused the Crisis and why It argues that this was a classic sudden stop crisis not a public debt crisis Excessive, cross border lending and borrowing among EZ members in the pre Crisis years much of which ended up in non traded sectors was why Greece s deficit deceThe EZ Crisis is a long way from finished The latest VoxEU eBook presents a consensus view of what caused the Crisis and why It argues that this was a classic sudden stop crisis not a public debt crisis Excessive, cross border lending and borrowing among EZ members in the pre Crisis years much of which ended up in non traded sectors was why Greece s deficit deceit in 2009 could trigger such a massive crisis The ultimate causes were policy failures that allowed the imbalances to get so large, a lack of institutions to absorb shocks at the EZ level, and poor crisis management.


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