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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DETAILS
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2012/07/01
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Policy Research Working Paper
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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
Citation
Lin, Justin Yifu; Treichel,Volker.
The crisis in the Euro zone : did the euro contribute to the evolution of the crisis ? (English). Policy Research working paper ; no. WPS 6127 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/198401468331817873