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A Flow-of-Funds Perspective on the Financial CrisisThe Surveillance of Macroeconomic Imbalances in the EU: The Sectoral Perspective

A Flow-of-Funds Perspective on the Financial Crisis: The Surveillance of Macroeconomic Imbalances... [The recent financiai and economic crisis has exposed some weaknesses in the surveillance arrangements of the European Union (EU) and the framework for coordination of economic policies in general. In particular, large macroeconomic imbalances accumulated in pre-crisis years and their unwinding have proven very costly for some EU countries, particularly in the euro area, and have also contributed to the ongoing sovereign debt crisis, with serious implications for the functioning of the euro area as a whole.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Flow-of-Funds Perspective on the Financial CrisisThe Surveillance of Macroeconomic Imbalances in the EU: The Sectoral Perspective

Editors: Winkler, Bernhard; van Riet, Ad; Bull, Peter

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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2014
ISBN
978-1-349-46946-8
Pages
199 –229
DOI
10.1057/9781137353016_7
Publisher site
See Chapter on Publisher Site

Abstract

[The recent financiai and economic crisis has exposed some weaknesses in the surveillance arrangements of the European Union (EU) and the framework for coordination of economic policies in general. In particular, large macroeconomic imbalances accumulated in pre-crisis years and their unwinding have proven very costly for some EU countries, particularly in the euro area, and have also contributed to the ongoing sovereign debt crisis, with serious implications for the functioning of the euro area as a whole.]

Published: Nov 24, 2015

Keywords: European Union; House Price; Current Account; Euro Area; European Union Country

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