The Euro: Bad Idea, Poorly Executed, Hard to Fix
David Backus
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Posted 12.15.2012
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Business
Read More:
Euro Area,
European Monetary Union,
Euro Zone,
Bank Resolution,
National Regulation,
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Deposit Insurance,
European Union,
EU Nobel Prize,
Eu,
Business News
The euro crisis combines, in our view, a sovereign debt crisis and a banking crisis, with mutually adverse feedback between the two. But design flaws in the system magnified their impact and feedback.
