Debt Crises in the Euro Area and its Impacts on the Prospects of the Euro ? Economic Policy Context

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F15%3A%230000734" target="_blank" >RIV/26138077:_____/15:#0000734 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Debt Crises in the Euro Area and its Impacts on the Prospects of the Euro ? Economic Policy Context
Original language description
The debt crisis has affected five euro area countries. It has been particularly intensive in Greece. The paper examines potential implications of declaration of the government insolvency (?sovereign default?). The aim of the paper is to identify specificimpacts of the debt crisis from two different perspectives. Firstly, we try to identify connections between declaring of the government insolvency of the indebted country and replacing the euro with new national currency. Secondly, we try to find connections between abandoning the euro in the indebted country and threats to international credibility of the euro. ?Sovereign default? does not necessarily have to result in a country?s exit from a monetary union and replacement of the euro with new national currency. Such process is subject to an assessment of costs and benefits in the trade, capital outflows, and impact on the banking sector. The paper also concludes that a withdrawal from a monetary union does not always have to lead to
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 13th International Conference ?Economic Policy in the European Union Member Countries
ISBN
978-80-248-3796-3
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
184-193
Publisher name
VŠB-TU Ostrava
Place of publication
Ostrava
Event location
Karolinka
Event date
Jan 1, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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