Banking And Finance

The Euro Imbalances and Financial Deregulation: A Post-Keynesian Interpretation of the European Debt Crisis

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Conventional wisdom suggests that the European debt crisis, which has thus far led to severe
adjustment programs crafted by the European Union and the International Monetary Fund in
both Greece and Ireland, was caused by fiscal profligacy on the part of peripheral, or noncore,
countries in combination with a welfare state model, and that the role of the common
currency—the euro—was at best minimal.

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English

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ISSN 1547-366X

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NONE

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