LEADER 04307nam 22007215 450 001 9910298548603321 005 20220606182059.0 010 $a3-319-00020-9 024 7 $a10.1007/978-3-319-00020-6 035 $a(CKB)2670000000428528 035 $a(EBL)1466858 035 $a(SSID)ssj0001004938 035 $a(PQKBManifestationID)11532491 035 $a(PQKBTitleCode)TC0001004938 035 $a(PQKBWorkID)11052256 035 $a(PQKB)10012437 035 $a(MiAaPQ)EBC1466858 035 $a(DE-He213)978-3-319-00020-6 035 $a(PPN)172421969 035 $a(EXLCZ)992670000000428528 100 $a20130906d2014 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe economics of the monetary union and the Eurozone crisis /$fby Manuel Sanchis i Marco 205 $a1st ed. 2014. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2014. 215 $a1 online resource (119 p.) 225 1 $aSpringerBriefs in Economics,$x2191-5504 300 $aDescription based upon print version of record. 311 $a3-319-00019-5 320 $aIncludes bibliographical references. 327 $aThe Economics of Monetary Union: the Theory of Optimum Currency Areas (OCAs) -- The Economic Rationale of Fiscal Rules in OCAs: The SGP and the EDP -- To Cope with Asymmetric Shocks in EMU: The Role of Labour Market Flexibility -- The Concept of Labour Market Flexicurity in the Eurozone -- The Spanish Case: The Housing Market Bubble and External Disequilibria -- The Global Crisis and Alternative Scenarios to Save the Euro: A Spanish Perspective -- Appendix: Ideology and Economics in the Failure of Lehman Brothers. 330 $aA regulatory idea conducted this work: the need to connect the economic rationale of the theory of currency areas with the current EU institutional frame of the European monetary unification process. The latter includes the recent revamping of fiscal rules of the Stability and Growth Pact, and calls for enhancing ?flexicurity? in EU labour markets. The lack of EU political leadership is a dead-weight loss to build a genuine economic and monetary union, and risks to blow-up the whole project. Further, it undermines the internal macroeconomic logic of a single currency like the euro, and gives a prominent non-democratic role to financial markets. As it happened in the past with the gold-standard, the euro condemns today the peripheral countries to a deflationary process which might last for a decade. A more pro-European approach is needed with both sides of the system (core and periphery) making the required adjustment efforts, though in the opposite way, to save the eurozone and Europe. 410 0$aSpringerBriefs in Economics,$x2191-5504 606 $aMacroeconomics 606 $aEuropean Economic Community literature 606 $aInternational economic relations 606 $aLabor economics 606 $aFinance, Public 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 606 $aEuropean Integration$3https://scigraph.springernature.com/ontologies/product-market-codes/W33010 606 $aInternational Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W33000 606 $aLabor Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W37000 606 $aPublic Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W34000 615 0$aMacroeconomics. 615 0$aEuropean Economic Community literature. 615 0$aInternational economic relations. 615 0$aLabor economics. 615 0$aFinance, Public. 615 14$aMacroeconomics/Monetary Economics//Financial Economics. 615 24$aEuropean Integration. 615 24$aInternational Economics. 615 24$aLabor Economics. 615 24$aPublic Economics. 676 $a330.940561 700 $aSanchis i Marco$b Manuel$4aut$4http://id.loc.gov/vocabulary/relators/aut$01058622 906 $aBOOK 912 $a9910298548603321 996 $aThe Economics of the Monetary Union and the Eurozone Crisis$92501241 997 $aUNINA