A Fragile Eurozone in Search of a Better Governance

When entering a monetary union, member-countries change the nature of their sovereign debt in a fundamental way, i.e. they cease to have control over the currency in which their debt is issued. As a result, financial markets can force these countries’ sovereigns into default. In this sense member co...

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Bibliographic details
Volume: 43
Main Author: de Grauwe, Paul
Format: Journal Article
Language: English
Place of publication: Economic and Social Studies 2012
published in: The Economic and Social Review Vol. 43; no. 1
Data of publication: 2012
Series: The Economic and Social Review
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
Database information Databases - DBIS