IDEAS home Printed from https://ideas.repec.org/p/cdp/texdis/td483.html
   My bibliography  Save this paper

Crise da União Europeia (why pigs can’t fly)

Author

Listed:
  • Cláudio Gontijo

    (FACE-UFMG)

Abstract

This article analyses the roots of the European debt crisis, which started at the end of 2009 and embraced the so called PIGS, causing a global turbulence. It studies the historical genesis of the European Monetary Union since the decade of 1970, in connection with the dynamics of the international economy, the theoretical foundations of the Maastricht Treaty and the economic policies of the Union, as well as the evolution of the traditional macroeconomic indicators of the block and the PIGS up to 2010. It shows that the conservative thesis that populist policies are at the origins of the crisis does not fit the data.

Suggested Citation

  • Cláudio Gontijo, 2013. "Crise da União Europeia (why pigs can’t fly)," Textos para Discussão Cedeplar-UFMG 483, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td483
    as

    Download full text from publisher

    File URL: http://www.cedeplar.ufmg.br/pesquisas/td/TD%20483.pdf
    Download Restriction: no

    More about this item

    Keywords

    European debt crisis; financial crises; European Monetary Union; Euro.;

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:cdp:texdis:td483. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gustavo Britto). General contact details of provider: http://edirc.repec.org/data/pufmgbr.html .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.