Crisis in the European Monetary Union: A Core-Periphery Perspective

1st Edition

Giuseppe Celi, Andrea Ginzburg, Dario Guarascio, Annamaria Simonazzi

Routledge
Published January 11, 2018
Reference - 298 Pages - 52 B/W Illustrations
ISBN 9781138685833 - CAT# Y266199
Series: Routledge Studies in the European Economy

USD$140.00

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Features

The future of the Eurozone is heavily debated, and this book considers the key issue of how the traditionally ‘peripheral’ southern European countries can survive in an uncertain future

The book’s policy suggestions make it useful beyond academia

Its perspective differs from either mainstream or Keynesian views

Summary

After decades of economic integration and EU enlargement, the economic geography of Europe has shifted, with new peripheries emerging and the core showing signs of fragmentation. This book examines the paths of the core and peripheral countries, with a focus on their diverse productive capabilities and their interdependence.

Crisis in the European Monetary Union: A Core-Periphery Perspective provides a new framework for analysing the economic crisis that has shaken the Eurozone countries. Its analysis goes beyond the short-term, to study the medium and long-term relations between ‘core’ countries (particularly Germany) and Southern European ‘peripheral’ countries. The authors argue that long-term sustainability means assigning the state a key role in guiding investment, which in turn implies industrial policies geared towards diversifying, innovating and strengthening the economic structures of peripheral countries to help them thrive.

Offering a fresh angle on the European crisis, this volume will appeal to students, academics and policymakers interested in the past, present and future construction of Europe.

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