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The impact of the financial and economic crises on European Union member states

In: Financialisation and the Financial and Economic Crises

Author

Listed:
  • Carlos A. Carrasco
  • Jesús Ferreiro
  • Catalina Gálvez
  • Carmen Gomez
  • Ana González

Abstract

Although the Great Recession is a global phenomenon, with roots outside the European Union (EU), its impact has been deeper and longer lasting in the EU than elsewhere. However, the impact of the Great Recession has not been the same in all the European countries. The objective of this chapter is to analyse the different effects of the economic and financial crisis among the European Union member states, focusing on the behaviour of a number of real and financial variables since the year 2003 to evaluate the impact of the crisis. Thus, we will analyse the performance of 17 economic variables grouped into seven categories: economic activity, labour market, income distribution, inflation, balance of payments, public finances, and financial balance sheets of total economy and sectors.

Suggested Citation

  • Carlos A. Carrasco & Jesús Ferreiro & Catalina Gálvez & Carmen Gomez & Ana González, 2016. "The impact of the financial and economic crises on European Union member states," Chapters, in: Eckhard Hein & Daniel Detzer & Nina Dodig (ed.), Financialisation and the Financial and Economic Crises, chapter 13, pages 299-320, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16808_13
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    File URL: https://www.elgaronline.com/view/9781785362378.00018.xml
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    Cited by:

    1. Jesus Ferreiro, 2016. "Macroeconomic and financial sector policies to better serve the economy and society," Working papers wpaper165, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.

    More about this item

    Keywords

    Economics and Finance;

    Statistics

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