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Financial Crisis and its Asymmetric Macroeconomic Impact on Eurozone Member Countries

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  • Lubor Lacina
  • Antonín Rusek

Abstract

The purpose of the paper is to analyze the dynamics of EMU (The Economic and Monetary Union, i.e., the group of European countries who use the common currency euro) and to analyze the fallout from the recent financial and economic dynamics. Both the impact on the eurozone as a whole and on individual member countries will be evaluated. The first 11 years of Eurozone experience will be discussed and evaluated in the second section. The third section will then be devoted to analyzing the fallout from the recent financial and economic dynamics. Both the impact on the eurozone as a whole and on individual member countries will be evaluated. The last section concludes and provides some ideas for future development of eurozone. Copyright International Atlantic Economic Society 2012

Suggested Citation

  • Lubor Lacina & Antonín Rusek, 2012. "Financial Crisis and its Asymmetric Macroeconomic Impact on Eurozone Member Countries," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(1), pages 63-73, February.
    • Handle: RePEc:kap:iaecre:v:18:y:2012:i:1:p:63-73:10.1007/s11294-011-9333-0
    DOI: 10.1007/s11294-011-9333-0
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    References listed on IDEAS

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    1. Athanassiou, Phoebus, 2009. "Withdrawal and expulsion from the EU and EMU: some reflections," Legal Working Paper Series 10, European Central Bank.
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    Cited by:

    1. Adam Koronowski, 2011. "Kryzys finansów publicznych czy kryzys płatniczy krajów PIIGS?," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5-6, pages 69-84.
    2. Andreas Will, 2014. "Short Term Solutions For The Financial Crisis," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 10, pages 491-500.

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    More about this item

    Keywords

    Eurozone; Common currency; Economic crisis; Asymmetric macroeconomic impact; E42; F33;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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