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EUROZONE CRISIS Summarize the imbalances that the authors identify as leading up to the Eurozone Crisis. Using theory we have developed in this course, explain
EUROZONE CRISIS
Summarize the imbalances that the authors identify as leading up to the Eurozone Crisis. Using theory we have developed in this course, explain why these factors led to vulnerability to crisis. Explain clearly how savings and investment rates were important. Make sure to use the idea of intertemporal balance of trade.
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