Influence of the Currency Unification on the Sovereign Debt Crisis in Europe

DOI

10.2991/aebmr.k.210319.004How to use a DOI?

Keywords

sovereign debt crisis, Europe, literature analysis, case study, the impact of the currency unification

Abstract

For the entire economics, the sovereign debt crisis in Europe which has already been the great research value on the history. There are three big reasons that will cause the sovereign debt crisis. There are three channels which caused the sovereign debt crisis: Currency unification has eliminated exchanges rates among EU countries; fiscal policies are decentralized on Europe for each country; imbalance development among the countries of European Union. And this paper will focus on the impact of the currency unification on the sovereign debt crisis. The reason is that monetary related to the development of nation. The research method of this paper is literature analysis and case study, which took Greece as an example. According to the research results, due to the specialty economics condition of different countries, it is difficult to change nation’s currency policy situations. Hence, the sovereign debt crisis is possible not to solve or continuously happening, if there are many countries are being on the European Union.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Hengqi Li
PY  - 2021
DA  - 2021/03/22
TI  - Influence of the Currency Unification on the Sovereign Debt Crisis in Europe
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 13
EP  - 18
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.004
DO  - 10.2991/aebmr.k.210319.004
ID  - Li2021
ER  -