Euro Conditionality Hinges on Positive Convergence
Abstract The present cocktail of a bleak economic outlook combined with high inflation and rising interest rates has raised questions as to whether a new euro debt crisis might emerge. Euro area sovereign spreads have widened, but not to “unwarranted” levels, unlike the situation that prevailed duri...
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| Format: | Article |
| Language: | English |
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Sciendo
2022-10-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-022-1081-2 |
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| _version_ | 1849764279841980416 |
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| author | Michala Marcussen |
| author_facet | Michala Marcussen |
| author_sort | Michala Marcussen |
| collection | DOAJ |
| description | Abstract The present cocktail of a bleak economic outlook combined with high inflation and rising interest rates has raised questions as to whether a new euro debt crisis might emerge. Euro area sovereign spreads have widened, but not to “unwarranted” levels, unlike the situation that prevailed during the European debt crisis. A replay of the funding fears, which drove the euro area debt crisis a decade ago, seems unlikely today with the extensive toolkit now in place. |
| format | Article |
| id | doaj-art-c8d0754331c24f98bfdb6732d5310d73 |
| institution | DOAJ |
| issn | 1613-964X |
| language | English |
| publishDate | 2022-10-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Intereconomics |
| spelling | doaj-art-c8d0754331c24f98bfdb6732d5310d732025-08-20T03:05:10ZengSciendoIntereconomics1613-964X2022-10-0157528829210.1007/s10272-022-1081-2Euro Conditionality Hinges on Positive ConvergenceMichala Marcussen0Societe GeneraleAbstract The present cocktail of a bleak economic outlook combined with high inflation and rising interest rates has raised questions as to whether a new euro debt crisis might emerge. Euro area sovereign spreads have widened, but not to “unwarranted” levels, unlike the situation that prevailed during the European debt crisis. A replay of the funding fears, which drove the euro area debt crisis a decade ago, seems unlikely today with the extensive toolkit now in place.https://doi.org/10.1007/s10272-022-1081-2 |
| spellingShingle | Michala Marcussen Euro Conditionality Hinges on Positive Convergence Intereconomics |
| title | Euro Conditionality Hinges on Positive Convergence |
| title_full | Euro Conditionality Hinges on Positive Convergence |
| title_fullStr | Euro Conditionality Hinges on Positive Convergence |
| title_full_unstemmed | Euro Conditionality Hinges on Positive Convergence |
| title_short | Euro Conditionality Hinges on Positive Convergence |
| title_sort | euro conditionality hinges on positive convergence |
| url | https://doi.org/10.1007/s10272-022-1081-2 |
| work_keys_str_mv | AT michalamarcussen euroconditionalityhingesonpositiveconvergence |