From the European Monetary Union to a euro-bancor: a stock-flow consistent assessment

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The crisis of the euro area has questioned the fairness, sustainability and viability of the current setting of the European Monetary Union (EMU). In this article we use a four-country stock-flow consistent (SFC) model in the tradition of Godley/Lavoie (2007a) to examine to what extent an adaptation...

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Detalles Bibliográficos
Autores principales: Mazier, Jacques, Valdecantos, Sebastián
Formato: Artículo publishedVersion
Lenguaje:Inglés
Publicado: Edward Elgar Publishing 2019
Materias:
Unión Monetaria
Sistema Monetario
Euromercado
Bancor
Clearing Union
Acceso en línea:https://nulan.mdp.edu.ar/id/eprint/3144/
https://nulan.mdp.edu.ar/id/eprint/3144/1/mazier-valdecantos-2019.pdf
Aporte de:
Nulan - Fac.Cs.Económicas (UNMdP) de Universidad Nacional de Mar del Plata (UNMdP)
id I29-R135-3144
record_format dspace
institution Universidad Nacional de Mar del Plata (UNMdP)
institution_str I-29
repository_str R-135
collection Nulan - Fac.Cs.Económicas (UNMdP)
language Inglés
orig_language_str_mv eng
topic Unión Monetaria
Sistema Monetario
Euromercado
Bancor
Clearing Union
spellingShingle Unión Monetaria
Sistema Monetario
Euromercado
Bancor
Clearing Union
Mazier, Jacques
Valdecantos, Sebastián
From the European Monetary Union to a euro-bancor: a stock-flow consistent assessment
topic_facet Unión Monetaria
Sistema Monetario
Euromercado
Bancor
Clearing Union
description The crisis of the euro area has questioned the fairness, sustainability and viability of the current setting of the European Monetary Union (EMU). In this article we use a four-country stock-flow consistent (SFC) model in the tradition of Godley/Lavoie (2007a) to examine to what extent an adaptation to Europe of Keynes's plan of a clearing union with bancor balances could help reduce the imbalances that, at least in part, drove the eurozone into crisis. Our simulation experiments suggest that the implementation of Keynes's ideas may conduct European countries to a stronger and more sustainable growth cycle.
format Artículo
Artículo
publishedVersion
author Mazier, Jacques
Valdecantos, Sebastián
author_facet Mazier, Jacques
Valdecantos, Sebastián
author_sort Mazier, Jacques
title From the European Monetary Union to a euro-bancor: a stock-flow consistent assessment
title_short From the European Monetary Union to a euro-bancor: a stock-flow consistent assessment
title_full From the European Monetary Union to a euro-bancor: a stock-flow consistent assessment
title_fullStr From the European Monetary Union to a euro-bancor: a stock-flow consistent assessment
title_full_unstemmed From the European Monetary Union to a euro-bancor: a stock-flow consistent assessment
title_sort from the european monetary union to a euro-bancor: a stock-flow consistent assessment
publisher Edward Elgar Publishing
publishDate 2019
url https://nulan.mdp.edu.ar/id/eprint/3144/
https://nulan.mdp.edu.ar/id/eprint/3144/1/mazier-valdecantos-2019.pdf
work_keys_str_mv AT mazierjacques fromtheeuropeanmonetaryuniontoaeurobancorastockflowconsistentassessment
AT valdecantossebastian fromtheeuropeanmonetaryuniontoaeurobancorastockflowconsistentassessment
bdutipo_str Repositorios
_version_ 1764820521564766213

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