Don't Blame the Euro: Historical Reflections on the Roots of the Eurozone Crisis
Don't Blame the Euro: Historical Reflections on the Roots of the Eurozone Crisis
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不要责怪欧元：对欧元区危机根源的历史反思
DOI：
10.1080/01402382.2014.929353
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发表时间：
2014
影响因子：
4.2
通讯作者：
Mourlon-Druol E
中科院分区：
文献类型：
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作者：
Mourlon-Druol E
这篇文章认为，在所谓的欧元危机开始之前，许多在欧元区造成麻烦的问题已经争论了很长时间，但没有得到解决。三个主题的例子来说明这一点：十年之久的讨论围绕经济融合和转移联盟的问题;争议的所谓使用金融机制作为解决结构性经济弱点的替代品;和欧洲银行监管和监督的发展之前，单一货币的创建。最后，文章认为，即使今天的危机的一些特点-特别是债务和赤字问题-概述了在欧元的介绍，一些重要的最近的发展，如各种新的操作由欧洲中央银行进行的时间没有。在分析欧元危机的演变过程时，这一点应该是谦虚和谨慎的。
The article argues that many of the issues that are causing trouble in the eurozone today had long been debated, but not solved, prior to the beginning of the so-called euro crisis. Three thematic examples are used to show this: the decade-long discussion surrounding economic convergence and the question of a transfer union; the dispute over the alleged use of financial mechanisms as a substitute for addressing structural economic weaknesses; and the development of European banking regulation and supervision before the creation of the single currency. Finally, the article argues that even though some of the features of today’s crises – in particular the debt and deficit issues – were outlined at the time of the euro’s introduction, some important recent developments such as the various new operations undertaken by the European Central Bank were not. This should command modesty and cautiousness in the analysis of the evolution of the euro crisis.