The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America
This policy brief reviews the experience of the countries under the Euro currency, focusing on those that have been under significant pressure in recent years- Greece, Ireland, Portugal and Spain, referred to as "emerging" economies. At first they experienced stable growth and converged to the most advanced countries, but subsequent adjustment has proven elusive due to macroeconomic conditions, worsening structural deficiencies, and incomplete integration. The conditions for the survival of the Euro zone are complex and still far from fulfillment. While Latin America has recently experienced a similar period of stable growth, there is no room for complacency. The main lesson from Europe's experience is that Latin America must take advantage of the current context of growth, stability and optimism in order to carry out much-needed reforms that will leave countries adequately prepared to face a downturn in the world economy.
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Inter-American Development Bank
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| Subjects: | Monetary Policy, E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems, E65 - Studies of Particular Policy Episodes, Euro, Structural reform, |
| Online Access: | http://dx.doi.org/10.18235/0008419 https://publications.iadb.org/en/euro-experience-review-euro-crisis-policy-issues-issues-going-forward-and-policy-implications-latin |
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dig-bid-node-99382024-05-30T20:03:20ZThe Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America 2012-06-27T00:00:00+0000 http://dx.doi.org/10.18235/0008419 https://publications.iadb.org/en/euro-experience-review-euro-crisis-policy-issues-issues-going-forward-and-policy-implications-latin Inter-American Development Bank Monetary Policy E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems E65 - Studies of Particular Policy Episodes Euro, Structural reform This policy brief reviews the experience of the countries under the Euro currency, focusing on those that have been under significant pressure in recent years- Greece, Ireland, Portugal and Spain, referred to as "emerging" economies. At first they experienced stable growth and converged to the most advanced countries, but subsequent adjustment has proven elusive due to macroeconomic conditions, worsening structural deficiencies, and incomplete integration. The conditions for the survival of the Euro zone are complex and still far from fulfillment. While Latin America has recently experienced a similar period of stable growth, there is no room for complacency. The main lesson from Europe's experience is that Latin America must take advantage of the current context of growth, stability and optimism in order to carry out much-needed reforms that will leave countries adequately prepared to face a downturn in the world economy. Inter-American Development Bank Carlos Hurtado López Policy Briefs application/pdf IDB Publications The Caribbean Europe South America Central America en |
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Bibliográfico |
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biblioteca |
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America del Norte |
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Biblioteca Felipe Herrera del BID |
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English |
| topic |
Monetary Policy E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems E65 - Studies of Particular Policy Episodes Euro, Structural reform Monetary Policy E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems E65 - Studies of Particular Policy Episodes Euro, Structural reform |
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Monetary Policy E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems E65 - Studies of Particular Policy Episodes Euro, Structural reform Monetary Policy E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems E65 - Studies of Particular Policy Episodes Euro, Structural reform Inter-American Development Bank The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America |
| description |
This policy brief reviews the experience of the countries under the Euro currency, focusing on those that have been under significant pressure in recent years- Greece, Ireland, Portugal and Spain, referred to as "emerging" economies. At first they experienced stable growth and converged to the most advanced countries, but subsequent adjustment has proven elusive due to macroeconomic conditions, worsening structural deficiencies, and incomplete integration. The conditions for the survival of the Euro zone are complex and still far from fulfillment. While Latin America has recently experienced a similar period of stable growth, there is no room for complacency. The main lesson from Europe's experience is that Latin America must take advantage of the current context of growth, stability and optimism in order to carry out much-needed reforms that will leave countries adequately prepared to face a downturn in the world economy. |
| author2 |
Carlos Hurtado López |
| author_facet |
Carlos Hurtado López Inter-American Development Bank |
| format |
Policy Briefs |
| topic_facet |
Monetary Policy E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems E65 - Studies of Particular Policy Episodes Euro, Structural reform |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America |
| title_short |
The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America |
| title_full |
The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America |
| title_fullStr |
The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America |
| title_full_unstemmed |
The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America |
| title_sort |
euro experience: a review of the euro crisis, policy issues, issues going forward and policy implications for latin america |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0008419 https://publications.iadb.org/en/euro-experience-review-euro-crisis-policy-issues-issues-going-forward-and-policy-implications-latin |
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