IDEAS home Printed from https://ideas.repec.org/p/ast/wpaper/0006.html

“Euro” Crisis. Origins, State and Perspectives

Author

Listed:
  • Paolo Piacentini

Abstract

During the past year, speculative attacks on titles of Sovereign Debt of weaker member countries,endangering the continuation of the common currency area itself, were eventually contained by statements and actions of the European Central Bank, capable to convince the "market" that "defaults" would not occur at least in a near horizon. However, the institutional and structural flaws of "Eurosystem" are still there, and "Eurocrisis", meant as the crisis of real economies of member countries facing the effect of fiscal adjustments appears to get worse.These notes are meant to recall these original weaknesses and critical developments of the Euro area, in a joint consideration of the financial and real aspects of the crisis deployment.

Suggested Citation

  • Paolo Piacentini, 2013. "“Euro” Crisis. Origins, State and Perspectives," Working Papers 0006, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
    • Handle: RePEc:ast:wpaper:0006
    as

    Download full text from publisher

    File URL: http://host.uniroma3.it/associazioni/astril/db/e2397f61-388c-49af-a9db-b0f6fae9e405.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Engelbert Stockhammer, 2004. "Financialisation and the slowdown of accumulation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(5), pages 719-741, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Christian Schoder, 2012. "Effective demand, exogenous normal utilization and endogenous capacity in the long run. Evidence from a CVAR analysis for the US," IMK Working Paper 103-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    2. Photis Lysandrou, 2016. "The colonization of the future: An alternative view of financialization and its portents," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 39(4), pages 444-472, October.
    3. Christine Mayrhuber & Christian Glocker & Thomas Horvath & Silvia Rocha-Akis, 2015. "Entwicklung und Verteilung der Einkommen in Österreich," WIFO Studies, WIFO, number 50897, August.
    4. Hein, Eckhard & van Treeck, Till, 2024. "Financialisation and demand and growth regimes: A review of post-Keynesian contributions," ifso working paper series 32, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    5. Michalis Nikiforos, 2020. "Demand, Distribution, Productivity, Structural Change, and (Secular?) Stagnation," Economics Working Paper Archive wp_945, Levy Economics Institute.
    6. repec:hal:cepnwp:hal-03987909 is not listed on IDEAS
    7. Eckhard Hein & Christian Schoder, 2011. "Interest rates, distribution and capital accumulation -- A post-Kaleckian perspective on the US and Germany," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(6), pages 693-723, November.
    8. Dögüs, Ilhan, 2016. "A Minskyan criticism on the shareholder pressure approach of financialisation," ZÖSS-Discussion Papers 53, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    9. Lei Lei & Di Zheng & XuDong Chen, 2022. "Corporate social responsibility and corporate financialization—Based on information effect and reputation insurance effect," PLOS ONE, Public Library of Science, vol. 17(7), pages 1-18, July.
    10. Leila E. Davis & Joao Paulo A. de Souza & Gonzalo Hernandez, 2023. "Listing, delisting, and financial norms: a quantile decomposition of firm balance sheets," Journal of Evolutionary Economics, Springer, vol. 33(4), pages 1259-1302, September.
    11. Joel Rabinovich & Niall Reddy, 2024. "Corporate Financialization: A Conceptual Clarification and Critical Review of the Literature," Working Papers PKWP2402, Post Keynesian Economics Society (PKES).
    12. Shimano, Norihito, 2017. "The effect of pro-shareholder income distribution on capital accumulation: evidence from Japanese non-financial firms," MPRA Paper 76830, University Library of Munich, Germany.
    13. Gabriel Porcile & Gilberto Tadeu Lima, 2023. "Rentiers, Strategic Public Goods, and Financialization in the Periphery," Economics Working Paper Archive wp_1017, Levy Economics Institute.
    14. repec:osf:socarx:2zy5h_v1 is not listed on IDEAS
    15. DemIr, FIrat, 2009. "Capital Market Imperfections and Financialization of Real Sectors in Emerging Markets: Private Investment and Cash Flow Relationship Revisited," World Development, Elsevier, vol. 37(5), pages 953-964, May.
    16. Bruno, Miguel, 2008. "Régulation et Croissance Économique au Brésil après la libéralisation :," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 3.
    17. Liu, Ruiming & Yan, Haosheng & Zhang, Zebang, 2024. "Does historic preservation affect firms' output? Evidence from the awarding of the Historic City title in China," China Economic Review, Elsevier, vol. 85(C).
    18. Annina Kaltenbrunner & Juan Pablo Painceira, 2016. "International and Domestic Financialisation in Middle Income Countries; The Brazilian Experience," Working papers wpaper146, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    19. Joan R. Rovira, 2017. "Secular stagnation and concentration of corporate power," Working Papers PKWP1704, Post Keynesian Economics Society (PKES).
    20. Tang, Yajun & Wang, Li & Shu, Haicheng, 2024. "“Tax reduction” and the financialization of real enterprises: Evidence from China’s “VAT reform”," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 835-850.
    21. Dirk J. Bezemer, 2012. "Modelos contables y comprensión de la crisis financiera," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 14(26), pages 47-76, January-J.
    22. repec:spo:wpmain:info:hdl:2441/4712tvppdq9m6q5i7t579thpvf is not listed on IDEAS
    23. Gerald Epstein, 2014. "Restructuring finance to promote productive employment," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(2), pages 161-170, September.

    More about this item

    Keywords

    ;
    ;

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ast:wpaper:0006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://host.uniroma3.it/associazioni/astril .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.