Advanced Search
MyIDEAS: Login

Emergence and Development of the Government Debt Crisis in the European Monetary Union

Contents:

Author Info

  • Yordanka Stateva
Registered author(s):

    Abstract

    The reasons, development and the effects of the crisis on the government debts in the European Monetary Union are analyzed in this article. The conclusion is justified, that a single currency for diverse economies does not result in economic convergence, but on the contrary – economic divergence. The macroeconomic criteria for a nominal convergence, that must be met by each applicant country for EMU, do not necessarily open the way to a real convergence. The development of the crisis-related processes in the Eurozone is focussed, starting from Greece. Later Ireland and Portugal have also been affected by the financial contamination. The conditions for the rescue packages, granted officially to the three countries are examined. The increased costs for market financing of the government debts concerns Italy and Spain. The effects for Bulgaria from the government debt crisis in the Eurozone could be considered controversial.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=2e16b400-667c-4c66-8ad4-99fa130ed1cc&articleid=0fbe5531-8786-443b-812e-dc587d100efb#a0fbe5531-8786-443b-812e-dc587d100efb
    Download Restriction: Fee access

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.

    Volume (Year): (2011)
    Issue (Month): 6 ()
    Pages: 3-21

    as in new window
    Handle: RePEc:bas:econth:y:2011:i:6:p:3-21

    Contact details of provider:
    Postal: 3, Aksakov Str., 1040, Sofia
    Phone: (+359 2) 810 40 18
    Fax: (+359 2) 988 21 08
    Email:
    Web page: http://www.iki.bas.bg
    More information through EDIRC

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2011:i:6:p:3-21. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vassil Zahariev).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.