Abstract
Why did European Monetary Union (EMU) enter existential crisis so soon after its creation? According to the ‘Berlin view’ everything would have been fine if it had not been for a number of governments contriving to circumvent the strict fiscal discipline stipulated in the budget stability pact that accompanied the launch of the euro. The ‘Paris and Brussels’ view by contrast traces the crisis to a failure of the founding Treaty to provide for a fiscal, debt and banking union.
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© 2014 Brendan Brown
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Brown, B. (2014). Asset Price Inflation: What Do We Know about this Virus?. In: Euro Crash. Palgrave Macmillan, London. https://doi.org/10.1057/9781137371492_1
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DOI: https://doi.org/10.1057/9781137371492_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-47560-5
Online ISBN: 978-1-137-37149-2
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