the 19 countries in the eurozone. It was founded in 2012 at the height of the sovereign debt crisis in Europe. Originally …, Ireland, Portugal, Spain, and Cyprus-amounting to €400 billion. This may have helped to contain the crisis, but the regional …, the European Union and the eurozone intended to operate without a regional financial stability mechanism. However, the …

A detailed and informed analysis of the current crisis facing the eurozone, examining the root causes and exploring the …

crisis is inaccurate insofar as the deterioration of public finances represents the culmination of a process: legal and … institutional flaws laid the ground for a public debt crisis. The institutional failure was the embedding of a unified monetary … were brought into full view with the onset of the Global Financial Crisis. There was a lack of real convergence between the …

The paper provides an overview of the sovereign debt crisis. I first consider the build-up of the crisis. I then … discuss policy choices when a financial crisis erupts and assess the adjustment processes in the crisis countries, including … alternatives to policies of austerity. Finally I take up institutional improvements that can help in resolving the current crisis …

This book analyzes the effects of the recent crisis and evaluates potential solutions to the gridlock that is currently … dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The …Part 1 - The Eurozone as a (non) Optimum Currency Area -- STIGLITZ, Joseph. The fundamental flaws in the Euro Zone …

stability of the eurozone, regardless of any separate monetary policy justification. The main operating instrument for this kind …