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A journey down the slippery slope to the European crisis : a theorist's guide

To access the full text documents, please follow this link: https://ddd.uab.cat/record/196746

Author

Chari, V. V.

Dovis, Alessandro

Kehoe, Patrick J.

Publication date

2017

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Abstract

We offer a theoretically based narrative that attempts to account both for the formation of the European Monetary Union and the callenges it has faced. Lack of commitment to policy plays a central role in this narrative.

The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

Document Type

Working paper

Language

English

Subjects and keywords

Monetary Union; Eurozone crisis; European Monetary Union; Time Inconsistency; Bailouts; Lender of last resort

Publisher

 

Related items

European Commission 649396

Barcelona Graduate School of Economics. ADEMU working paper series ;

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Rights

open access

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Working papers [2842]