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European Monetary Union in Crisis


  • Stefan Ederer



So far it has not been possible to solve the crisis of the European Monetary Union. In recent months it has worsened increasingly and is now placing a drag on global economic activity. A comprehensive solution to the crisis would include the establishment of joint liability for government debt in the euro area, measures to stabilise the economy and ensuring long-term stability of government debt.

Suggested Citation

  • Stefan Ederer, 2012. "European Monetary Union in Crisis," Austrian Economic Quarterly, WIFO, vol. 17(2), pages 81-94, May.
  • Handle: RePEc:wfo:wquart:y:2012:i:2:p:81-94

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    References listed on IDEAS

    1. Hay, George A & Kelley, Daniel, 1974. "An Empirical Survey of Price Fixing Conspiracies," Journal of Law and Economics, University of Chicago Press, vol. 17(1), pages 13-38, April.
    2. Alberto Cavaliere & Simona Scabrosetti, 2008. "Privatization And Efficiency: From Principals And Agents To Political Economy," Journal of Economic Surveys, Wiley Blackwell, vol. 22(4), pages 685-710, September.
    3. Lars Jonung & Jaakko Kiander & Pentti Vartia, 2008. "The great financial crisis in Finland and Sweden - The dynamics of boom, bust and recovery, 1985-2000," European Economy - Economic Papers 2008 - 2015 350, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Anna Bottasso & Alessandro Sembenelli, 2004. "Does ownership affect firms’ efficiency? Panel data evidence on Italy," Empirical Economics, Springer, vol. 29(4), pages 769-786, December.
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    Cited by:

    1. Stefan Ederer & Stefan Weingärtner, 2013. "Remapping EMU. On the future Construction of Economic and Monetary Union," WWWforEurope Policy Paper series 5, WWWforEurope.


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