A Devaluation Option for Southern Europe
Gopinath, Gita, Farhi, Emmanouel, & Itskhoki, Oleg. This year is likely to mark a make-or-break ordeal for the euro. The eurozone’s survival demands a credible solution to its long-running sovereign-debt crisis, which in turn requires addressing the two macroeconomic imbalances – external and fiscal – which are at the heart of that crisis. Πηγή: Project Syndicate πλήρες […]