The Segmentation of Europe
Convergence or Divergence between Core and Periphery?
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Beschreibung
This book explores economic developments across Europe in relation to its apparent segmentation, as disparities widen between core and periphery countries. In contrast to previous literature, the scope of analysis is extended to Europe as a continent rather than confining it solely to the European Union, thereby providing the reader with greater insight into the core/periphery nexus. The authors commence with a critical appraisal of economic thinking in relation to regional trade agreements and monetary integration. In relation to a number of EU economies, the book addresses issues of a liquidity trap, deflation, and twin deficits, together with the interconnection between exchange rates and current account balances. Importantly, they extend the discussion of segmentation through a series of focused case studies on Russia, Brexit and emergence of the mega-regionals.
A critical appraisal of economic thinking in relation to regional trade agreements and monetary integration
Addresses issues of a liquidity trap, deflation, the twin deficit issue, together with the interconnection between exchange rates and current account balances
Explores economic developments across Europe in relation to its apparent segmentation as disparities widen between core and periphery countries
A critical appraisal of economic thinking in relation to regional trade agreements and monetary integration Addresses issues of a liquidity trap, deflation, the twin deficit issue, together with the interconnection between exchange rates and current account balances Explores economic developments across Europe in relation to its apparent segmentation as disparities widen between core and periphery countries
Autor*in
Mark Baimbridge
Themen in »The Segmentation of Europe«
the European Union (EU) Global Financial Crisis Great Recession Eurozone Optimum Currency Areas Keynesian Economics Expansionary monetary policy Bretton Woods Classical Gold Standard ERM membership twin deficit hypothesis 2014 Russia–Ukraine conflict Belt and Road Initiative Segmentation of Europe European Monetary Union