MACROECONOMIC POLICIES IN THE EUROZONE

ABSTRACT. Considerable research attention has focused on the major design failures of the Eurozone, the interdependencies between bank and sovereign risk, and nominal divergences between the core and peripheral economies of the Eurozone. The theory that I shall seek to elaborate here puts considerable emphasis on the onset of the Eurozone peripheral crisis, the banking system of the Eurozone, and the quality of the throughput governance of the Eurozone. pp. 185–191
JEL codes: E02, E44, O11

Keywords: Eurozone, bank, sovereign risk, financial and fiscal policies