The Impact of the Financial and Economic Crisis on European Union Member States

Carlos A. Carrasco, Jesus Ferreiro, Catalina Gálvez, Carmen Gómez, Ana González

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Although the Great Recession is a global phenomenon, with roots outside the European Union (EU), its impact has been deeper and longer lasting in the EU than elsewhere. However, the impact of the Great Recession has not been the same in all the European countries. The objective of this chapter is to analyse the different effects of the economic and financial crisis among the European Union member states, focusing on the behaviour of a number of real and financial variables since the year 2003 to evaluate the impact of the crisis. Thus, we will analyse the performance of 17 economic variables grouped into seven categories: economic activity, labour market, income distribution, inflation, balance of payments, public finances, and financial balance sheets of total economy and sectors.
Original languageEnglish
Title of host publicationFinancialisation and the Financial and Economic Crises: Country Studies
EditorsEckhard Hein, Daniel Detzer, Nina Dodig
Place of PublicationCheltenham
PublisherEdward Elgar Publishing Ltd.
Chapter13
Pages299-320
Number of pages22
ISBN (Print)978-1-78536-237-8
Publication statusPublished - 2016

Publication series

NameNew Directions in Modern Economics

Fingerprint

Financial crisis
European Union
Economic crisis
Great Recession
Economic variables
Balance sheet
Income distribution
Labour market
Economic activity
Inflation
Public finance
Balance of payments
Financial variables
European countries

Cite this

Carrasco, C. A., Ferreiro, J., Gálvez, C., Gómez, C., & González, A. (2016). The Impact of the Financial and Economic Crisis on European Union Member States. In E. Hein, D. Detzer, & N. Dodig (Eds.), Financialisation and the Financial and Economic Crises: Country Studies (pp. 299-320). (New Directions in Modern Economics). Cheltenham: Edward Elgar Publishing Ltd..
Carrasco, Carlos A. ; Ferreiro, Jesus ; Gálvez, Catalina ; Gómez, Carmen ; González, Ana. / The Impact of the Financial and Economic Crisis on European Union Member States. Financialisation and the Financial and Economic Crises: Country Studies . editor / Eckhard Hein ; Daniel Detzer ; Nina Dodig. Cheltenham : Edward Elgar Publishing Ltd., 2016. pp. 299-320 (New Directions in Modern Economics).
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Carrasco, CA, Ferreiro, J, Gálvez, C, Gómez, C & González, A 2016, The Impact of the Financial and Economic Crisis on European Union Member States. in E Hein, D Detzer & N Dodig (eds), Financialisation and the Financial and Economic Crises: Country Studies . New Directions in Modern Economics, Edward Elgar Publishing Ltd., Cheltenham, pp. 299-320.

The Impact of the Financial and Economic Crisis on European Union Member States. / Carrasco, Carlos A.; Ferreiro, Jesus; Gálvez, Catalina; Gómez, Carmen; González, Ana.

Financialisation and the Financial and Economic Crises: Country Studies . ed. / Eckhard Hein; Daniel Detzer; Nina Dodig. Cheltenham : Edward Elgar Publishing Ltd., 2016. p. 299-320 (New Directions in Modern Economics).

Research output: Chapter in Book/Report/Conference proceedingChapter

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AB - Although the Great Recession is a global phenomenon, with roots outside the European Union (EU), its impact has been deeper and longer lasting in the EU than elsewhere. However, the impact of the Great Recession has not been the same in all the European countries. The objective of this chapter is to analyse the different effects of the economic and financial crisis among the European Union member states, focusing on the behaviour of a number of real and financial variables since the year 2003 to evaluate the impact of the crisis. Thus, we will analyse the performance of 17 economic variables grouped into seven categories: economic activity, labour market, income distribution, inflation, balance of payments, public finances, and financial balance sheets of total economy and sectors.

M3 - Chapter

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SP - 299

EP - 320

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PB - Edward Elgar Publishing Ltd.

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ER -

Carrasco CA, Ferreiro J, Gálvez C, Gómez C, González A. The Impact of the Financial and Economic Crisis on European Union Member States. In Hein E, Detzer D, Dodig N, editors, Financialisation and the Financial and Economic Crises: Country Studies . Cheltenham: Edward Elgar Publishing Ltd. 2016. p. 299-320. (New Directions in Modern Economics).