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COMMENTS on GOVERNMENT BUDGETS of EUROPEAN COUNTRIES after MONETARY UNION

Author

Listed:
  • Kemal Cebeci

    (Marmara University)

Abstract

The public debt problems in Greece, Ireland, Portugal, Spain and other countries in last decade underline the fiscal risks and importance of fiscal discipline in Europe. Effects of euro, (independent monetary policy) have been discussed in the literature and accepted as one of the trigger factor of debt crisis. Becoming a member of monetary union creates a pressure and less elasticity over montary authorities of european countries. At this reseacrh we try to observe the budget performance of european countries after monetary union. In addition we comparatively examine the differences in budget performances between member and non-member countries of monetary union.

Suggested Citation

  • Kemal Cebeci, 2015. "COMMENTS on GOVERNMENT BUDGETS of EUROPEAN COUNTRIES after MONETARY UNION," Proceedings of International Academic Conferences 3105224, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:3105224
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    File URL: https://iises.net/proceedings/20th-international-academic-conference-madrid/table-of-content/detail?cid=31&iid=020&rid=5224
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    More about this item

    Keywords

    monetary union; fiscal crisis; budget deficit; monetary policy;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H00 - Public Economics - - General - - - General

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