Don't Let the Eurozone Crisis Go East
AbstractWhile the sovereign debt crisis continues worsening in the Euro area, European partners are still hesitating in offering some help, considering that Europe must rely primary on its own resources and fix its failed governance. Still, this crisis constitutes a new, major risk for other countries, especially in Asia. Not only is Europe a large market that needs to be kept solvent, but Asian countries could have a stake in the survival of the euro that, for the next decade, is likely to provide the only credible complement to the US dollar as an international currency. Financial assistance would best be channelled through the International Monetary Fund in exchange for further reforms in the governance of the Fund. Additionally, Asian countries can contribute to solve the Euro area crisis by offering dynamic markets to European firms through faster rebalancing of Chinese growth and further opening up of local markets. This Lettre du CEPII draws on the seventh meeting of the Asia-Europe Economic Forum held in Seoul on 9 December 2011.
Download InfoIf 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.
Bibliographic InfoArticle provided by CEPII research center in its journal La Lettre du CEPII.
Volume (Year): (2012)
Issue (Month): 318 ()
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral 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: ().
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.