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  • Euro area scenarios and their economic consequences for Slovenia and Serbia [Elektronski vir]
    Weyerstrass, Klaus, 1969- ; Grozea, Daniela
    Since 1999, divergences in international competitiveness led to an accumulation of current account deficits in the south and surpluses in the north of the euro area. With the aid of macro econometric ... models, this paper estimates the effects of an exit of Greece or of all GIIPS countries (Greece, Italy, Ireland, Portugal, Spain) on the economies of Slovenia and Serbia. An exit of one or more countries would affect other economies via the trade channel and credit constraints. Euro area members would additionally suffer from an increase of public debt due to non-performing loans of the European Stability Mechanism and devaluations of public bonds purchased by the European Central Bank. An exit of Greece alone would only marginally affect the economies of Slovenia and Serbia. An exit of all GIIPS countries or a euro area breakup would have dramatic negative consequences for output, unemployment and public finances.
    Vir: Managing global transitions [Elektronski vir] : international research journal. - ISSN 1854-6935 (Vol. 11, no. 4, winter 2013, str. 323-351, 421)
    Vrsta gradiva - e-članek ; neleposlovje za odrasle
    Leto - 2013
    Jezik - angleški
    COBISS.SI-ID - 1536188612

    Povezava(-e):

    http://www.fm.upr.si/zalozba/ISSN/1581-6311/11_323-351.pdf
    Digitalna knjižnica Slovenije - dLib.si

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