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The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis     
Yazarlar
Prof. Dr. Gülbahar ÜÇLER
Ahi Evran Üniversitesi, Türkiye
Hale Kırmızıoglu
Özet
This study aims to review how the Eurozone has been formed and to analyze how it has been formed on weak roots, both in public finance and politics. Contrary to economical ideas, political grounds tested the endeavor of creating a powerful the monetary union. Hence, it was very clean to predict upcoming the debt crisis. According to those assumptions known, pre-crisis problems of the countries has been reviewed. Latter, the crisis' permanency has been tested via PANKPSS if it's permanent or not? Mainstream acknowledgement on the literature agrees on the crisis is permanent and might lead to dire consequences. Nevertheless, nexus between those countries which has been forged by political bounds cannot be broken by that crisis; thus, the Eurozone might not be break down.
Anahtar Kelimeler
Eurozone | PANKPSS | Second generation unit root tests | Sovereign debt crisis
Makale Türü Özgün Makale
Makale Alt Türü Uluslararası alan indekslerindeki dergilerde yayımlanan tam makale
Dergi Adı INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL ISSUES
Dergi ISSN 2146-4138
Dergi Tarandığı Indeksler EconLit
Makale Dili İngilizce
Basım Tarihi 01-2015
Cilt No 5
Sayı 1
Sayfalar 86 / 96
Makale Linki http://www.econjournals.com/
BM Sürdürülebilir Kalkınma Amaçları
Atıf Sayıları
SCOPUS 1
Google Scholar 1

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