The simmering sovereign debt crisis in the Euro Zone represents a looming threat to the recovery of the world economy and could lead to a renewed global financial crisis. The purpose of this paper is to analyze the root causes of the crisis in Europe and assess the extent to which it was driven by the global financial crisis and by factors internal to Europe, notably the adoption of the common currency. Adoption of the euro led to convergence of interest...
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详细
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2012/07/01
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政策研究报告
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WPS6127
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1
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1
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2012/07/01
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Disclosed
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The crisis in the Euro zone : did the euro contribute to the evolution of the crisis ?
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access to international capital markets