Nordvig, J., (2013), “Currency wars and the euro”, VoxEU, 25 Νοεμβρίου.
Having promised to do ‘whatever it takes’ to ensure the survival of the euro, the ECB now faces the problem of record high unemployment combined with a strong currency. There is accumulating evidence that the ECB is more willing to fight currency appreciation than the Bundesbank would have been. Capital inflows have been a key source of recent upward pressure on the euro. Should this continue, the ECB may need to intervene more aggressively in order to promote economic recovery in the Eurozone.
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Σχετικές Αναρτήσεις
- Krugman, P., (2013), “The Money Trap”, The New York Times, 14 Νοεμβρίου.
- Wood, R., (2013), “Europe: The Failure of Internal Devaluation”, EconoMonitor, 13 Νοεμβρίου.
- Charlemagne, (2013), “Fawlty Europe”, The Economist, 01 Νοεμβρίου.