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Structural Reforms, Macroeconomic Imbalances and the Crisis in the European Monetary Union

This thesis analyses determinants for structural reforms in the euro area. First, it is theoretically scrutinized how the common monetary policy of the European Central Bank causes a reform bias between small and large countries. Second, it is examined how private market adjustment, structural reforms and their interaction affect the intra-euro area current account balances of euro area countries. Third, it is analysed how an asymmetric foreign asset and liability distribution across the euro area affects single countries need for structural reforms of labour markets. Fourth, the impact of fiscal stabilization policy on structural reform activity will be examined.

Identiferoai:union.ndltd.org:DRESDEN/oai:qucosa:de:qucosa:11538
Date21 June 2012
CreatorsZemanek, Holger
ContributorsSchnabl, Gunther, Herz, Bernhard, Universität Leipzig
Source SetsHochschulschriftenserver (HSSS) der SLUB Dresden
LanguageEnglish
Detected LanguageEnglish
Typedoc-type:doctoralThesis, info:eu-repo/semantics/doctoralThesis, doc-type:Text
Rightsinfo:eu-repo/semantics/openAccess

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