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Avro Bölgesi Ülkelerindeki Güncel Borç Krizi
[Current Sovereign Debt Crisis in Eurozone Countries]

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  • Kibritçioğlu, Aykut

Abstract

The sovereign debt crisis that deepened within the last three years in particular Eurozone countries makes up one of the major components of the current global economic crisis (2006-2011) which were briefly described in Kibritçioğlu (2011). In this follow-up study, the historical and political origins of the debt crisis in EU countries, such as Ireland, Greece and Portugal, are analyzed with particular reference to the academic discussions during the final forming process of the European Monetary Union and the introduction of the euro as a single currency in the late 1990s. Finally, the study also focuses on EU's (possible/remaining) policy options to solve the ongoing debt crisis.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 33528.

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Date of creation: 16 Aug 2011
Date of revision: 22 Aug 2011
Handle: RePEc:pra:mprapa:33528

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Keywords: Global economic crisis; sovereign debt crisis; European Union; Eurozone; Euro;

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  1. Scott, Hal S, 1998. "When the Euro Falls Apart," International Finance, Wiley Blackwell, vol. 1(2), pages 207-28, December.
  2. Francesco Paolo Mongelli, 2002. "'New' views on the optimum currency area theory: what is EMU telling us?," Working Paper Series 138, European Central Bank.
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