Logical Forecasting of the Eurozone Crisis Through ANP

Abstract

The Eurozone crisis is an ongoing financial problem that has made it difficult and impossible to some countries in the euro area to re-finance their government debt. This problem generates various inverse effects for many other nations in the world due to their capital markets’s connections with the Eurozone markets. Hence, overcoming this crisis can be crucial for a high number of countries. This paper is an attempt to logically explore the best solutions in order to pass this crisis. For this purpose, a flexible and dynamic framework with the Analytic Network Process (ANP) is designed to forecast this crisis’s solutions through some recognized clusters and factors. The results of this paper identified the best proactive solutions which can be considered as a tool to make the best way to overcome this crisis.

Keywords: Eurozone crisis; Analytic Network Process; Forecasting

JEL Classification: F34; E5