Fiscal harmonization or fiscal union in eurozone?

dc.authorscopusid56127310200
dc.authorscopusid56625634400
dc.authorscopusid57091681300
dc.contributor.authorYıldırım, Durmuş Çağrı
dc.contributor.authorErdoğan, Seyfettin
dc.contributor.authorGedikli, Ayfer
dc.date.accessioned2022-05-11T14:33:28Z
dc.date.available2022-05-11T14:33:28Z
dc.date.issued2015
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThe aftermath of the financial crisis and following debt crisis that the European Monetary Union faced in 2008 required re-examining the architecture of the Euro area and a cost/benefit assessment of the monetary union. When one examines the causes of the crises, one sees that EMU's financial architecture stands out. Although there is a common monetary policy application authority within EMU, local economies can carry on with their own autonomous fiscal policies without any effective control mechanisms. Problems with structures caused arguments about EMU's architecture. It is clear that there is a need for changes in EMU's architecture in short term for euro to survive. The objective of this chapter is to present some suggestions to the policy makers and to point out the problems with the architecture and mechanisms needed to be brought into being in order EMU to survive with the ongoing crisis. © 2015, IGI Global.
dc.identifier.doi10.4018/978-1-4666-7288-8.ch007
dc.identifier.endpage104
dc.identifier.isbn9781466672901
dc.identifier.isbn1466672889
dc.identifier.isbn9781466672895
dc.identifier.scopus2-s2.0-84956828524
dc.identifier.startpage94
dc.identifier.urihttps://doi.org/10.4018/978-1-4666-7288-8.ch007
dc.identifier.urihttps://hdl.handle.net/20.500.11776/7759
dc.indekslendigikaynakScopus
dc.institutionauthorYıldırım, Durmuş Çağrı
dc.language.isoen
dc.publisherIGI Global
dc.relation.ispartofHandbook of Research on Strategic Developments and Regulatory Practice in Global Finance
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.titleFiscal harmonization or fiscal union in eurozone?
dc.typeBook Chapter

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