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2013, vol. 60, br. 6, str. 813-836
Challenging the Raison d'etre of internal devaluation in the context of the Greek economy
(naslov ne postoji na srpskom)
Cranfield University, School of Management, Shrivenham, UK

e-adresaconstantinos.alexiou@cranfield.ac.uk, j.g.nellis@cranfield.ac.uk
Ključne reči: internal devaluation; Greek economic crisis; austerity; Eurozone
(ne postoji na srpskom)
This paper provides a critical assessment of the austerity measures that are being implemented in the crisis-stricken countries of the Eurozone, and in particular, the implications of internal devaluation for the Greek economy. The theoretical underpinnings and phases of internal devaluation are explored. A detailed statistical analysis of key macroeconomic indicators pertaining to the Greek economy is carried out. Alternatives to internal devaluation are proposed in this paper, laying the foundations for a reassessment of the policy of austerity and the implications for recovery and sustainability of economic activity in Greece and other countries of the Eurozone.
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O članku

jezik rada: engleski
vrsta rada: naučna polemika
DOI: 10.2298/PAN1306813A
objavljen u SCIndeksu: 15.01.2014.