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| dc.title | The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America |
| dc.contributor.author | Hurtado López, Carlos |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | The Caribbean |
| dc.coverage | Europe |
| dc.coverage | South America |
| dc.coverage | Central America |
| dc.date.available | 2012-07-11T00:00:00 |
| dc.date.issue | 2012-06-27T00:00:00 |
| dc.description.abstract | 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. |
| dc.format.extent | 56 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0008419 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/The-Euro-Experience-A-Review-of-the-Euro-Crisis-Policy-Issues-Issues-Going-Forward-and-Policy-Implications-for-Latin-America.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Monetary Policy |
| dc.subject.jelcode | E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems |
| dc.subject.jelcode | E65 - Studies of Particular Policy Episodes |
| dc.subject.keywords | Euro, Structural reform |
| dc.type | Policy Briefs |
| idb.identifier.pubnumber | Policy Briefs |
| idb.operation | RG-K1098 |