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The European Crisis Without End: The Consequences of European Monetary Integration

Author

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  • Haytham Y.M. Ewaida

    (Assistant Professor, Economics Department, An- Najah National University, Nablus, West Bank, Autonomous Palestinian Territories)

Abstract

This study tackles the Euro-Zone sovereign debts through recognizing the crisis origins, reasons, and the stages it has gone through to decide on its financial and economic effects and the approaches to deal with these effects. The study concludes that there is a real crisis at the European monetary system mechanism besides a lack of any implementable mechanism regarding growth and convergence among the Euro-Zone countries. Add to that the absence of a united financial policy for these countries. The study has approached some recommendations among which: the necessity to expedite the adoption of a united financial policy for all the Euro-Zone countries, the necessity to activate the role of the European Central Bank, the necessity to create mechanisms that can confront any emerging crises in the future.

Suggested Citation

  • Haytham Y.M. Ewaida, 2016. "The European Crisis Without End: The Consequences of European Monetary Integration," International Journal of Business and Social Research, LAR Center Press, vol. 6(8), pages 15-30, August.
    • Handle: RePEc:lrc:larijb:v:6:y:2016:i:8:p:15-30
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    More about this item

    Keywords

    Fiscal policy; macroeconomic policy coordination; monetary policy; sovereign debts crisis.;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • 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
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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