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problems were threatening to spread to other countries within the euro area, with potential negative repercussions for the euro …
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aggravating financial instability. In the EU and more specifically the Euro Area, multiple channels of spillovers and contagion … national political processes, Euro Area and EU-wide economic governance has been criticized for not addressing reform needs …
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What is the link between the financial cycle - financial booms, followed by busts - and the real economy? What is the direction of this link and how salient is this connection? This unique book examines these fundamental questions and offers a paramount contribution to the debate surrounding the...
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In the long aftermath of the acute global financial crisis of 2008/09, the need to get economies back on track and to handle high levels of public and private debt has created conflicting objectives. Challenges yet to be mastered are the need to avoid counterproductive measures of adjustment and...
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