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The European Roots of the Eurozone Crisis - Errors of the Past and Needs for the Future (Hardcover, 1st ed. 2017)
Loot Price: R4,237
Discovery Miles 42 370
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The European Roots of the Eurozone Crisis - Errors of the Past and Needs for the Future (Hardcover, 1st ed. 2017)
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Total price: R4,257
Discovery Miles: 42 570
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This book examines the Eurozone crisis in light of theoretical and
empirical evidence. The first half explores specific theoretical
contributions within a framework of growth theory models to examine
the two major pillars of the European construction, the European
Central Bank and the Maastricht Treaty, and seeks to explain why
they are theoretically wrong. The second half presents results of
counterfactual simulations using the Oxford Econometric model and
estimates what the Eurozone has lost in terms of economic and
social cost from 2002 to 2014 as a consequence of the
super-evaluation of the Euro and the Maastricht Treaty parameters
being mistakenly fixed and pursued. Finally, the author supports
the urgent need to refund the European Union, up-dating The
Maastricht Treaty and the ECB statute to build three concentric
circles: the USE (United States of Europe), the EU (European
Union), the EAFTDA (Europe/Africa Free Trade and Development Area).
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