Economics, Econometrics and Finance
8 years ago

European Debt Crisis Linked to Political Factors in European Monetary Integration.

Journal of Anhui Business College of Vocational Technology
European Debt Crisis and European Monetary Integration:Analysis from the Perspective of Institutional Change
Bin Li

Paper Summary

The European debt crisis was caused by countries not being able to pay back their debts. This happened because the European monetary system changed due to political reasons. The crisis can be fixed by either creating better political coordination or letting economic factors drive the changes in the monetary system.

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