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Emerging Markets' Euro Nemesis. CEPS Commentary, 9 September 2013

Gros, Daniel. (2013) Emerging Markets' Euro Nemesis. CEPS Commentary, 9 September 2013. [Policy Paper]

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    Abstract

    In this new commentary, CEPS Director Daniel Gros argues that the weakening of European demand triggered by austerity is the real cause behind the recent deterioration of emerging markets’ current accounts. As a consequence, unless the US resumes its role as consumer of last resort, the latest bout of financial-market jitters will weaken the global economy again.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > External relations > EU-US
    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: 21 Sep 2013 18:16
    Number of Pages: 2
    Last Modified: 21 Sep 2013 18:16
    URI: http://aei.pitt.edu/id/eprint/44127

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