소개글
[재무론] 유럽 재정위기와 유로존의 미래(영문)에 대한 자료입니다.
목차
Cause of crisis
How sovereign debt crisis impact the world
ongoing sovereign debt crises and effort to end that
Expectations for the future of the Euro-zone
본문내용
Systematical cause
① Deeping disparities between Eurozone countries from single exchange rate
▲ EURO doesn’t represent economic situation of individual countries
▲ Greece used overvalued money compare to their economic level
▲ So, Greece monetary policy can’t be able to control their economic system
▲ Greece had a boom days due to liquidity extension not because fundamental
Systematical cause
② Absence of financial alliance
▲ Single monetary policy & regional independent financial policy
③ Tolerant attitude to Euro members
▲ Give small penalty to them who violate SGP(stability and growth pact)
▲ Expand recruiting members for political intension
④ Inadequacy of contingency plan
▲ overall measures are incomplete
⑤ Vulnerable to contagion effect
▲ Correlation between EMU is high