Arbeitspapier
The euro crisis: a view from the North
The paper provides an overview of the sovereign debt crisis. I first consider the build-up of the crisis.I then discuss policy choices when a financial crisis erupts and assess the adjustment processes in the crisis countries, including alternatives to policies of austerity. Finally I take up institutional improvements that can help in resolving the current crisis and avoiding a future one. These include the banking union and the strengthened Stability and Growth Pact and related institutional rules. Current high levels of public and private debt together with still weak bank balance sheets are a major unsolved problem. Publication
- ISBN
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978-952-6699-23-3
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Research Discussion Papers ; No. 12/2013
- Classification
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Wirtschaft
Fiscal Policy
Studies of Particular Policy Episodes
Financial Aspects of Economic Integration
Fiscal Policy
Studies of Particular Policy Episodes
Financial Aspects of Economic Integration
- Subject
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financial crisis
sovereign debt
European integration
Seppo Honkapohja
- Event
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Geistige Schöpfung
- (who)
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Honkapohja, Seppo
- Event
-
Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
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2013
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Honkapohja, Seppo
- Bank of Finland
Time of origin
- 2013
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Inflation dynamics in the euro area and the role of expectations
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