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    <Journal>
      <PublisherName>aimsjournal</PublisherName>
      <JournalTitle>Allana Management Journal of Research, Pune</JournalTitle>
      <PISSN>? ?2581-3137 (</PISSN>
      <EISSN>) 2231 - 0290 (Print)</EISSN>
      <Volume-Issue>Volume 2, Issue 2</Volume-Issue>
      <PartNumber/>
      <IssueTopic>Multidisciplinary</IssueTopic>
      <IssueLanguage>English</IssueLanguage>
      <Season>July 2012 - December, 2012</Season>
      <SpecialIssue>N</SpecialIssue>
      <SupplementaryIssue>N</SupplementaryIssue>
      <IssueOA>Y</IssueOA>
      <PubDate>
        <Year>-0001</Year>
        <Month>11</Month>
        <Day>30</Day>
      </PubDate>
      <ArticleType>Human Resource Management</ArticleType>
      <ArticleTitle>EURO CRISIS: THE FAILURE OF OPTIMUM CURRENCY AREAS</ArticleTitle>
      <SubTitle/>
      <ArticleLanguage>English</ArticleLanguage>
      <ArticleOA>Y</ArticleOA>
      <FirstPage>15</FirstPage>
      <LastPage>24</LastPage>
      <AuthorList>
        <Author>
          <FirstName>PROF. DHIRENDRA</FirstName>
          <LastName>KUMAR</LastName>
          <AuthorLanguage>English</AuthorLanguage>
          <Affiliation/>
          <CorrespondingAuthor>N</CorrespondingAuthor>
          <ORCID/>
          <FirstName>DR. R.</FirstName>
          <LastName>GANESAN</LastName>
          <AuthorLanguage>English</AuthorLanguage>
          <Affiliation/>
          <CorrespondingAuthor>Y</CorrespondingAuthor>
          <ORCID/>
          <FirstName>MS. GAURI</FirstName>
          <LastName>PATHAK</LastName>
          <AuthorLanguage>English</AuthorLanguage>
          <Affiliation/>
          <CorrespondingAuthor>Y</CorrespondingAuthor>
          <ORCID/>
        </Author>
      </AuthorList>
      <DOI/>
      <Abstract>The damage caused by the financial crisis of 2007 lasted long mainly in three forms: high and rising public debts, fragile banks and a huge liquidity overhang that need to be eventually withdrawn. The crisis which&#13;
strikes at the heart of worlds__ampersandsign#39; largest trading block(Europe), contain only two of the three fateful elementsproblematic&#13;
sovereign debt in Greece and other vulnerable countries and fragile European banks, which hold a large&#13;
part of that debt. The case not only illustrates the initiatives taken by European countries to form a currency Union&#13;
with fixed exchange rates among themselves and flexible exchange rates for others but also questioned the&#13;
optimum currency theories given by Mundell and others. It totally questioned the viability of the concept of optimum&#13;
currency areas and the formation of European Union.</Abstract>
      <AbstractLanguage>English</AbstractLanguage>
      <Keywords>Fragile, Liquidity overhang, Optimum currency theory.</Keywords>
      <URLs>
        <Abstract>https://aimsjournal.org/ubijournal-v1copy/journals/abstract.php?article_id=3392&amp;title=EURO CRISIS: THE FAILURE OF OPTIMUM CURRENCY AREAS</Abstract>
      </URLs>
      <References>
        <ReferencesarticleTitle>References</ReferencesarticleTitle>
        <ReferencesfirstPage>16</ReferencesfirstPage>
        <ReferenceslastPage>19</ReferenceslastPage>
        <References/>
      </References>
    </Journal>
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