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A mechanism of self-destruction of the eurozone. CEPS Commentary, 9 November 2010

de Grauwe, Paul. (2010) A mechanism of self-destruction of the eurozone. CEPS Commentary, 9 November 2010. [Policy Paper]

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    Abstract

    Drawing an analogy with the ill-fated Exchange Rate Mechanism (ERM) of the pre-eurozone era, Paul De Grauwe argues in a new CEPS Commentary that the creation of a sovereign debt default mechanism is a very bad decision that will make the eurozone more fragile by making financial crises an endemic feature.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 07 Dec 2010
    Page Range: p. 3
    Last Modified: 15 Feb 2011 18:39
    URI: http://aei.pitt.edu/id/eprint/15189

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