What are the Euro Zone’s Main Difficulties?
We look at the euro zone’s major structural difficulties and the ways to correct them. They are: the growing heterogeneity of the member countries’ economies, due in particular to diverging productive specialisations and the fact that this heterogeneity is not corrected by federalism; the end of cap...
保存先:
| 第一著者: | |
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| フォーマット: | Article ou chapitre numérique |
| 言語: | Français |
| 出版事項: |
2019
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| 主題: | |
| オンライン･アクセス: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| 要約: | We look at the euro zone’s major structural difficulties and the ways to correct them. They are: the growing heterogeneity of the member countries’ economies, due in particular to diverging productive specialisations and the fact that this heterogeneity is not corrected by federalism; the end of capital mobility between OECD countries; the lack of coordination of the economic policies that generate externalities between the euro-zone countries; the asymmetrical nature of adjustment mechanisms (fiscal policies, cost competitiveness), which are only implemented by the troubled countries; and the difficulty in managing fiscal policy and public debt. |
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