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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

10

Strana od-do

184-193

Název nakladatele

VŠB-TU Ostrava

Místo vydání

Ostrava

Místo konání akce

Karolinka

Datum konání akce

1. 1. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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