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Political Credit Cycles in the Euro Zone by Raza Parra is a document available to read on EtoBox.

What is Political Credit Cycles in the Euro Zone about?

We study the mechanisms through which the entry into the Euro delayed, rather than advanced, key economic reforms in the Euro zone periphery and led to the deterioration of important institutions in these countries. We show that the abandonment of the reform process and the institutional deterioration, in turn, not only reduced their growth prospects but also fed back into …nancial conditions, prolonging the credit boom and delaying the response to the bubble when the speculative nature of the cycle was alr

Author

Raza Parra

Language

EN