Euro Crisis in Perspective [La crisis del euro en perspective]

Publicado en

  • Revista de Economia Institucional

Resumen

  • In this article we analyze the process of monetary integration in Europe, identifying the structural determinants and the dysfunctional elements in the institutions of the European Union. Secondly, we explain two prevailing discourses that fail in interpreting the events: on the one hand, a purely ideological position that see integration as a process of convergence that should not be interfered with; on the other hand, a purely idealist perspective, according to which the ideal of integration will prevail over any contradiction engendered by the institutional system. The combination of these two perspectives helped justify post crisis interventions (fiscal consolidation) and the institutional design that followed, which eventually aggravated the macroeconomic instability in the area. © 2017, Universidad Externado de Colombia. All rights reserved.

fecha de publicación

  • 2017

Líneas de investigación

  • Austerity
  • Balance of Payment
  • European Integration
  • Financial Crisis
  • Optimal Currency Area

Página inicial

  • 257

Última página

  • 289

Volumen

  • 19

Issue

  • 36