
The Library
What does the 1930s' experience tell us about the future of the Eurozone?
Tools
Crafts, N. F. R. (2014) What does the 1930s' experience tell us about the future of the Eurozone? JCMS: Journal of Common Market Studies, 52 (4). pp. 713-727. doi:10.1111/jcms.12145 ISSN 0021-9886.
![]() |
PDF
WRAP_Crafts_does_the_1930s_jan_2014.pdf - Accepted Version - Requires a PDF viewer. Download (907Kb) |
Official URL: http://dx.doi.org/10.1111/jcms.12145
Abstract
If the eurozone follows the precedent of the 1930s, it will not survive. The attractions of escaping from the gold standard then were massive and they point to a strategy of devalue and default for today's crisis countries. A fully federal Europe with a banking union and a fiscal union is the best solution, but it may be politically infeasible. However, it may be possible to underpin the euro with a ‘Bretton Woods Compromise’ that accepts some retreat from deep economic integration and provides greater policy space since exit entails risks of financial crisis that were not present 80 years ago.
Item Type: | Journal Article | ||||||||
---|---|---|---|---|---|---|---|---|---|
Subjects: | H Social Sciences > HC Economic History and Conditions | ||||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Eurozone, Gold standard , State bankruptcy , Europe -- Economic integration | ||||||||
Journal or Publication Title: | JCMS: Journal of Common Market Studies | ||||||||
Publisher: | Blackwell Publishing | ||||||||
ISSN: | 0021-9886 | ||||||||
Official Date: | July 2014 | ||||||||
Dates: |
|
||||||||
Volume: | 52 | ||||||||
Number: | 4 | ||||||||
Page Range: | pp. 713-727 | ||||||||
DOI: | 10.1111/jcms.12145 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 17 August 2016 | ||||||||
Date of first compliant Open Access: | 17 August 2016 |
Request changes or add full text files to a record
Repository staff actions (login required)
![]() |
View Item |
Downloads
Downloads per month over past year