IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

The Euro Zone Crisis and its Dimensions and Implications

  • M R Anand

    ()

  • G L Gupta
  • Ranjan Dash

The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a situation is a far cry from the optimism and grand vision that marked its launch. This paper is an attempt to understand the implications of the ongoing euro zone crisis and the factors that make it somewhat unique as the contradictions of a monetary union without a fiscal union are coming to fore. The paper shows that the crisis is not merely related to sovereign debt and bank financials, but also rooted in the real economy with structural problems. The manner in which the crisis is dealt is likely to be of far reaching significance to Europe and to the rest of the world. The stage seems set for a change in the way in which the euro zone will need to manage its monetary, fiscal and financial system. [Ministry of Finance WP]. URL:[http://finmin.nic.in/WorkingPaper/euro_zone_crisis.pdf].

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.esocialsciences.org/Download/repecDownload.aspx?fname=A20122610315_20.pdf&fcategory=Articles&AId=4764&fref=repec
Download Restriction: no

Paper provided by eSocialSciences in its series Working Papers with number id:4764.

as
in new window

Length:
Date of creation: Feb 2012
Date of revision:
Handle: RePEc:ess:wpaper:id:4764
Note: Institutional Papers
Contact details of provider: Web page: http://www.esocialsciences.org

No references listed on IDEAS
You can help add them by filling out this form.

This item is featured on the following reading lists or Wikipedia pages:

  1. Causes of the European debt crisis in Wikipedia English ne '')
  2. Причины возникновения европейского долгового кризиса in Wikipedia Russian ne '')
  3. Crisis del euro in Wikipedia Spanish ne '')
  4. Европейский долговой кризис in Wikipedia Russian ne '')

When requesting a correction, please mention this item's handle: RePEc:ess:wpaper:id:4764. 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: (Padma Prakash)

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.