IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04212963.html
   My bibliography  Save this paper

The Sovereign Debt Crisis in Europe: Implications for the Future of Financial Integration and Monetary Cooperation in ASEAN

Author

Listed:
  • Adrian Pop

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes, IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

Abstract

The crisis of the world financial system that started in the summer of 2007 has had devastating and persisting effects on real economies, in almost all countries. Although the epicenter of the crisis was located in a well-developed country, the United States, it spread quickly through contagion to other countries that were interconnected to the global economy. Thus, the Asian economies that were most open to international trade, for example, were severely affected by the financial crisis, mainly through the trade channel. The objective of this chapter is, first of all, to take a quick look at the real macroeconomic effects of financial crises. Secondly, we will describe the main causes of the sovereign debt crisis in Europe. The implications of the sovereign debt crisis for the future of financial integration and monetary cooperation in ASEAN will then be discussed. Finally, the last section proposes some concluding remarks.

Suggested Citation

  • Adrian Pop, 2016. "The Sovereign Debt Crisis in Europe: Implications for the Future of Financial Integration and Monetary Cooperation in ASEAN," Post-Print hal-04212963, HAL.
    • Handle: RePEc:hal:journl:hal-04212963
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04212963. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.