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Why Europe will suffer more. CEPS Policy Brief No. 194, 16 July 2009

Gros, Daniel. (2009) Why Europe will suffer more. CEPS Policy Brief No. 194, 16 July 2009. [Policy Paper]

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    Abstract

    Even though the financial crisis might have started in the US, CEPS Director Daniel Gros finds in a new CEPS Policy Brief that even more combustible material had accumulated in Europe, and that therefore that it likely that the cost will be higher here and the recovery slower than on the other side of the Atlantic. This conclusion is based on a careful analysis of two indicators of looming financial instability: credit expansion (or leverage) and asset price bubbles.

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    Item Type: Policy Paper
    Uncontrolled Keywords: Financial markets.
    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 > monetary policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 27 Jul 2009
    Page Range: p. 8
    Last Modified: 15 Feb 2011 18:13
    URI: http://aei.pitt.edu/id/eprint/11332

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