Causes and Solutions for the Weak Economic Recovery in Finland

DOI

10.2991/aebmr.k.201128.043How to use a DOI?

Keywords

Macroeconomics, Finland, financial crisis, exchange rate, VAR

Abstract

Finland is experiencing a prolonged recession since the financial crisis. In particular, its export sector has been hit severely. This paper discussed the potential reasons and solutions for the sluggish recovery of Finnish economy and used empirical data to prove the ineffectiveness of exchange rate tool in restoring the export sector under the regime of EMU. The results show that the impulse on exchange rate would have minor effect on the level of exports in Finland and further prove the limited usefulness of exchange change rate tool under the regime of common currency union.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yijin Wang
PY  - 2020
DA  - 2020/11/30
TI  - Causes and Solutions for the Weak Economic Recovery in Finland
BT  - Proceedings of the 2020 2nd International Conference on Economic Management and Cultural Industry (ICEMCI 2020)
PB  - Atlantis Press
SP  - 206
EP  - 213
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201128.043
DO  - 10.2991/aebmr.k.201128.043
ID  - Wang2020
ER  -