• Anstelle eines Vorworts
• Deutschland Leidet Unter dem Helfersyndrom
• Wie Angela Merkel die Welt Rettet
• Der Weg zur Mutter Teresa und zurück
• Angela Merkel rettet die Flüchtlinge dieser Welt
• Angela Merkel rettet das Weltklima
• Angela Merkel rettet uns vor der Kernenergie
• Angela Merkel rettet Europa
• Wie Deutschland die Welt Rettet
• TTIP : Deutsche retten uns vor der Globalisierung
• Deutsche retten Polens Demokratie
• Deutscher "Rudeljournalismus" und die Schere im Kopf
• Deutsche retten italienische Eidechsen
• Von der Friedens : zur Streitunion
• Was und wer hat Europas Frieden gesichert?
• Der Weg zur Streitunion
• Gewollte Entmachtung Deutschlands und Ungewollte Folgen
• Frankreichs Ziel : die Bundesbank entmachten
• Bundesbank auf verlorenem Posten
• Das Verhängnis der Eurodividende
• Vom europäischen Rechtsstaat zur politischen Hauruckgesellschaft
• Subsidiarität Oder Europäische Sogwirkung
• Zentralismus statt Subsidiarität
• Vergemeinschaftung statt Eigenverantwortung
• Harmonisierung statt Wettbewerb
• Was das für unsere Zukunft bedeutet
• Das Flüchtlingsproblem : die Eigentliche Aufgabe Steht Uns Noch Bevor
• Unsere Verantwortung
• Ihr schafft das schon!
• Asyl und Grenzen
• Die Integration in den Arbeitsmarkt ist die Nagelprobe
• Wird die kulturelle Integration gelingen?
• Grexit Oder Dexit?
• Schäubles Erkenntnis : 2010 und 2015
• Von finanzieller Eigenverantwortung zum Währungssozialismus
• Griechenland in der Hand seiner Gläubiger
• Der Grexit wäre Griechenlands Rettung
• Griechenland und die Eurozone : nach einem Grexit
• Wenn kein Grexit, dann Dexit
• Das Europäische Parlament und die Immer Engere Union
• Der Luxus dreier europäischer Standorte
• Die Arbeitsweise des Europäischen Parlaments
• Die Entfremdung zwischen Europäischem Parlament und seinen Wählern
• Hat In Europa das Sagen?
• Verschiebung der Gewichte zwischen Kommission und Mitgliedstaaten
• Juncker fühlt sich als europäischer Ministerpräsident
• Der getriebene Hegemon
• Welchen Weg Nimmt Europa?
• Geht nach dem Brexit alles seinen gewohnten Gang?
• Das Referendum zeigt den Nutzen plebiszitärer Elemente
• Grossbritannien ist weniger Leidtragender des Brexit als die EU
• Wie Angela Merkel den Brexit mitverursacht hat
• Der Euro als Anstoss für den Brexit
• Was nun? --Warum Lassen Wir uns das Gefallen? die Therapie
• Personenregister.

• Opening remarks and keynote speech
• Keynote Speech to the XXVII General Congress of the UAE
• Economic and financial crisis: the response of the european union Reflections on the Euro Crisis and on the Role of Germany
• The Eurozone Crisis: the Way Forward
• Eu state aid control in the banking sector Introductory Remarks by the Moderator
• Overview of State Aid for Banks since the Beginning of the Financial Crisis
• The Economic and Financial Crisis in Europe: State Aid and Banks in the European Union - Selected Examples
• State aid control in the banking sector: the recapitalisation of Portuguese Banks
• The Spanish Financial Sector Restructuring from a State Aid Law Perspective
• The Irish Banking Crisis - a Special Case
• The reform of the banking sector in europe the future banking union
• Deposit Guarantee Schemes in the Banking Union
• Macro-Prudential Policy and the Single Supervisory Mechanism
• The Reform of the Banking Sector in Europe the Future Banking Union
• The Role of the European Central Bank in the Single Supervisory Mechanism
• Legal and economic perspectives of the eu support policies for growth and economic recovery The European Union Institutional and Budgetary Framework for Growth and Recovery
• Le rôle de l'innovation et de la recherche dans la reprise économique de l'UE.

"2010, année noire pour l'Union Européenne, confrontée à la plus grave crise économique et financière depuis sa constitution il y a 50 ans déjà. L'Union des Avocats Européens (UAE), à l'occasion de son 27e Congrès, tenu à Lisbonne, a voulu se livrer à une réflexion sur la crise et les remèdes mis en place par l'Union Européenne. Après avoir entendu l'ancien Président du Portugal, M. Jorge Sampaio, appeler à un "New Deal" européen, les orateurs ont livré aux participants une étude exhaustive des dispositions adoptées par l'Union pour répondre à la crise, notamment la mise en place d'une vraie Union Bancaire, le renforcement du contrôle de l'euro, l'organisation d'une synergie entre le budget de l'Union et des Etats membres, et la mise en place d'un contrôle renforcé des aides d'Etat au secteur financier. Cet ouvrage riche et documenté, porteur d'espoir, s'adresse aux professionnels du droit et de la finance, mais encore à tous ceux qui sont intéressés par le développement de l'Union Européenne."--P. [4] of cover.

• The origin of mistrust
• The secrets behind the banks
• Europe's awkward ambitions to change the world
• Too different for one policy
• First doubts about the euro
• The American crisis becomes the European crisis
• The European Central Bank's first rescue of the states
• Karlsruhe, ruling the world from the province
• The well-known secret of the Greek tragedy
• Let Greece default?
• Bringing the euro to the brink, in order to save it
• Sell your islands
• Contagion
• Dr. Faust saves the euro
• From a new complacency to the Irish crisis
• A sophisticated way to commit suicide
• A fateful fight between the ECB and the heads of governments
• The crisis reaches Italy and Spain
• Berlusconi's moral hazard and the German waterboarding strategy
• Solution or dissolution: political union or the end of the euro
• The limits of democracy
• Whatever it takes
• The new hierarchy
• Conclusion: a dreamless night.

Three times in the few years since the global financial crisis erupted, the euro has come close to extinction, endangering both the world economy and history's most ambitious project in shared sovereignty. Yet each time, the case for a common currency proved to be more compelling than its weaknesses, and the euro survived. Saving Europe reveals how the nexus of international economics and national politics pushed monetary union to the brink of a breakup, how that disastrous development was avoided, and why the long-term viability of a common currency challenges politics as we know it. Carlo Bastasin reveals and analyses what has been happening behind the scenes in European negotiations since the financial crisis began with the collapse of major financial institutions in 2008. He argues that the crisis in the euro zone actually has a political origin, having emerged from the self-interested abuses of national politics. Moreover, the crisis is reinforced even now by the obstinate defence of national prerogatives in politics and finance as well as by the lack of commitment for shared or supranational sovereignty. While the prevalent view is that monetary union was a flawed project from the start and is in need of amending, Bastasin shows that the failures have to do almost entirely with national opportunism -not only in Greece but in most countries, including Germany -and concludes that the crisis will lead to Europe's political union. Bastasin's work is an engrossing historical chronicle, interweaving moments of high drama with individual personalities on the world stage. German Chancellor Angela Merkel, French President Nicolas Sarkozy, and national and European central bankers, among others, play key roles. Saving Europe is also a rigorous attempt to make larger sense of what has happened in the euro zone and what might happen next. Given the central importance of Europe within the fragile world economy as well as growing speculation that the euro might disappear, this is essential reading for anyone trying to grasp international economics and politics. Just as important, it is a compelling tale of people, personalities, power, and money. There is no other book like it.
(source: Nielsen Book Data)

• Europe's crisis, Europe's future : an overview / Kemal Dervis and Jacques Mistral
• Greece : tax anything that moves! / Theodore Pelagidis and Michael Mitsopoulos
• Spain : a new quest for growth / Angel Pascual-Ramsay
• Italy : strategies for moving from crisis to growth / Domenico Lombardi and Luigi Paganetto
• France : part of the solution or part of the problem? / Jacques Mistral
• Germany : constraints in the crisis / Friedrich Heinemann
• Cross-cutting issues
• The financial sector : key issues with the European banking union / Douglas J. Elliott
• Building a stronger union : social policies in Europe and the management of the debt crisis / Jacques Mistral
• Visions for Europe : democratic legitimacy and EU institutions / Kemal Dervis
• Appendix. Economic data for selected european economies, 2000-14.

Can the eurozone's emergence from crisis turn into a real economic recovery and a new vision for Europe's future? Or is Europe heading for a "lost decade" in terms of growth and a rise in old style nationalism? Kemal Dervi and Jacques Mistral have assembled an international group of economic analysts who provide perspectives on the most audacious supranational governance experiment in history. Will the crisis mark the end of the dream of "ever closer union" or lead to a renewed impetus to integrate, perhaps taking novel forms? Among the key issues explored are the: Onset, evolution, and ramifications of the euro crisis from the perspective of three countries especially hard hit - Greece, Italy, and Spain; Concerns, priorities, and issues in France and Germany, the couple that has so far always driven European integration; Effects and lessons in two key policy areas: banking union and social policies. The volume concludes with a possible renewed vision for the EU in the 2020s, including much greater political integration but where some countries may keep their national currencies and share less of their sovereignty. It is a vision of two Europes within one, ready for the twenty-first century.
(source: Nielsen Book Data)

A vivid and authoritative account of how the eurozone crisis was laid to rest but left a sullen Europe in its wake. This ebook expands and updates an investigation published by the Financial Times in 2014. Peter Spiegel, the newspaper's bureau chief in Brussels, takes the reader deep into the corridors of power to tell a piece of history that will go down as one of Europe's defining moments. How the Euro was Saved is required reading for anyone with an interest in European history and current affairs and follows in the footsteps of the FT's best selling ebook, If Greece goes…

• Table of contents; list of figures; list of tables; introduction; chapter one; europe in crisis; how to accelerate growth in europe?; japan's two lost decades; chapter two; the eu budget; the euro crisis; the sovereign debt crisisand the weakening of the pillarsof the economic and monetary union; chapter three; the crisis as a turning pointin the european convergence model; crisis management similaritiesand differences in the newly accessedcentral and eastern europeancountries; the adequacy of inflation-targetingmonetary policy and euro zoneparticipationfor the central-east europeancountries.

• Addressing the crisis in greecethe causes of slow growth in hungary; contributors; index.

"This collective volume is undoubtedly a major contribution to understanding the causes and consequences of the crisis of the Euro-zone, with a special emphasis on the implications of new and not yet EMU members. A skilful combination of contrasting theoretical and policy perspectives, a refreshing interchange among academics and practitioners from a number of countries, it is a must reading for anyone seriously interested in the political economy of crisis and reform in Europe." - Laszlo Csaba, Professor of International Political Economy, Central European University and Corvinus University of Budapest; Past President, the European Association for Comparative Economic Studies "This book offers a refreshing analysis of what is rapidly becoming Europe's lost decade. The authors, all established experts in their fields, see light at the end of the tunnel, but it seems quite distant." - Andre Sapir, Senior Fellow, Bruegel; Professor of Economics, Universite libre de Bruxelles "The papers included in the volume uphold the pressing question of whether Europe can resume its role as a 'growth and convergence engine'. Issues of growth, macro-stabilization and employment in the economically diversified internal market come in this context to the fore of the discussion. The editor of the volume, Professor Beata Farkas, skilfully brings together research focusing on diverse facets of the European economies in order to address questions such as: (1) Does one size fit all? (2) How can we change the EU budget to make it more effective? (3) Can Europe learn some lessons from the two lost decades in Japan? (4) Is inflation targeting a proper approach in defining monetary policy? (5) How do we conduct an effective fiscal policy? The added value of the volume consists in diversified methodological and conceptual perspectives employed to address the problems at hand. Ideas and arguments are presented in a novel and interdisciplinary manner. As such, the discussion that unfolds throughout the volume will be stimulating for researchers, decision-makers in the government and those in the corporate world. My recommendation is simple: take the book and read it ..." - Katarzyna Zukrowska, Professor of International Economics and Political Science, Head of the International Security Department, Warsaw School of Economics; Member of the Prognoses Committee, Polish Academy of Science.
(source: Nielsen Book Data)

"Because of recent economic crises, financial fragility has regained prominence in both the theory and practice of macroeconomic policy. Consistent with macroeconomic paradigms prevalent at the time, the original architecture of the euro zone assumed that safeguards against inflation and excessive government deficits would suffice to guarantee macroeconomic stability. Recent events, in both Europe and the industrial world at large, challenge this assumption. After reviewing the roots of the euro crisis in financial-market developments, this essay draws some conclusions for the reform of euro area institutions. The euro area is moving quickly to correct one flaw in the Maastricht treaty, the vesting of all financial supervisory functions with national authorities. However, the sheer size of bank balance sheets suggest that the euro area must also confront a financial/fiscal trilemma: countries in the euro zone can no longer enjoy all three of financial integration with other member states, financial stability, and fiscal independence, because the costs of banking rescues may now go beyond national fiscal capacities. Thus, plans to reform the euro zone architecture must combine centralized supervision with some centralized fiscal backstop to finance bank resolution in situations of insolvency."--Document home page.

• Introduction. La quadrature européenne
• Les antécédents de l'euro
• Racines et principes de l'ordo-libéralisme
• Les racines de l'ordo-libéralisme
• Les principes de l'ordo-libéralisme
• Fondements théoriques des unions monétaires
• L'approche positiviste des zones monétaires optimales et ses impasses
• Économie politique des unions monétaires dans la conception des régimes monétaires internationaux
• La longue marche vers l'union monétaire européenne
• Les rapports fondateurs du paradigme de l'union monétaire
• Succès et échecs du système monétaire européen
• La marche cahotante vers l'union monétaire après les crises du SME
• L'instauration de l'euro et ses effets
• La dynamique des dettes : cause principale des crises
• La dérive généralisée de l'endettement
• Contre le postulat de l'efficience forte : l'hypothèse d'instabilité intrinsèque de la finance
• Prix des actifs et endettement : le couple infernal
• La grande divergence des économies et la grande dérive de la dette privée dans la zone euro
• Dynamique financière et échec de la stratégie de Lisbonne
• La zone euro est-elle plus qu'un système monétaire international à changes fixes ?
• Convergence financière, divergence réelle avant la crise : le fiasco de la gouvernance politique
• La polarisation industrielle : l'échec le plus décisif de l'union économique et monétaire
• L'impact de la crise financière sur la zone euro (2007-2010)
• Déflation de bilan et risques sur l'économie
• Chute des actifs et impératif de désendettement privé
• Le risque de tomber dans une trappe à liquidité
• Les changements dans la conduite de la politique monétaire
• De nouvelles politiques monétaires
• Les effets des politiques monétaires non conventionnelles
• Les politiques budgétaires de relance
• Les différents plans de relance
• Les conditions d'efficacité des plans de relance
• Impact de la politique budgétaire en récession
• Une succession d'erreurs politiques et économiques depuis 2010
• Un assainissement trop timoré des bilans bancaires
• Les expériences de gestion de crise bancaire dans les années 1990
• La gestion de la crise financière actuelle au regard des expériences passées
• L'extension de la crise grecque
• Risque de liquidité et risque de solvabilité
• Rompre le cercle vicieux entre risque souverain et risque bancaire
• La soutenabilité de long terme des finances publiques
• Les effets pervers d'un ajustement budgétaire trop rapide
• Différents facteurs de réduction de la dette publique
• Quelle union politique pour la zone euro
• Une nouvelle donne institutionnelle
• Le lien nécessaire entre monnaie et dette publique
• La réforme institutionnelle concerne au premier chef l'union budgétaire
• Le problème de l'union politique européenne dans le prisme de la loi fondamentale allemande
• Redéfinir le mandat de la Banque centrale européenne
• La remise en cause de la doctrine monétaire
• La BCE doit devenir une banque centrale de plein exercice
• Oser l'union bancaire
• La BCE est le superviseur naturel des intermédiaires financiers systémiques
• L'union bancaire dépend de manière cruciale d'un système unique d'assurance des dépôts

• Centraliser la résolution des faillites bancaires et recentrer les banques sur leur corps de métier
• Comment envisager la transition ?
• Instituer l'union budgétaire et émettre les eurobonds
• Vertus et pièges des règles budgétaires
• Pourquoi et comment émettre des eurobonds ?
• Quelle croissance pour l'Europe ?
• Compétitivité et croissance
• Problèmes théoriques liés à la notion de compétitivité des nations
• Conséquence : nouvelle appréciation des problèmes de compétitivité en Europe
• Consolidation des dettes publiques et compétitivité
• Croissance et innovation
• Les vagues d'innovations et les changements de mode de croissance
• Le rôle de la circulation des connaissances, de l'impulsion publique et de l'organisation de la R & D dans le renouvellement des avantages comparatifs
• Le développement durable : nouvelle frontière de la croissance pour l'Europe
• Les fondements d'une politique industrielle de croissance soutenable
• Le contenu d'une politique industrielle de croissance soutenable
• Financer les investissements de long terme liés au développement durable
• Conclusion : Plaidoyer pour le courage politique.

"Ce livre pose une question brûlante : la construction européenne constitue-t-elle encore un but qui puisse être partagé par les États et légitimé par leurs citoyens ? Dans cet essai d'économie politique, Michel Aglietta et Thomas Brand ne se contentent pas d'analyser les ressorts monétaires de la crise actuelle. S'ils montrent que l'euro est une monnaie étrangère et incomplète, ils vont bien au-delà en mettant au jour les facteurs de divergence qui ont entraîné les déséquilibres commerciaux et industriels de la zone euro. Dénonçant au passage nombre d'idées reçues sur le rôle des dettes publiques dans la crise ou sur la compétitivité, ils dressent un réquisitoire sévère des politiques menées depuis 2010, qui ont trop souvent pris les symptômes pour les causes. Surtout, ils font des propositions liant étroitement la réforme de la gouvernante européenne à un véritable projet de croissance. Car une conviction forte les anime : il ne suffit pas de redéfinir le mandat de la Banque centrale européenne ou de mettre en place l'union bancaire mesures ô combien nécessaires pour redonner confiance aux citoyens désabusés. Il faut aussi partager les politiques industrielles et mettre en oeuvre des projets régionaux communs. C'est seulement en construisant ce New Deal que l'on redonnera sa chance à l'Europe."--P. [4] of cover.

• De l'anesthésie à la crise : la fin des illusions
• Une leçon tirée de la crise : l'euro ne suffit pas à garantir la croissance et la compétitivité
• Le Pacte de stabilité et de croissance, un pacte de complaisants
• L'architecture initiale : une gouvernance à peine esquissée
• Pour la stabilité et la croissance durables : une gouvernance spécifique de la zone euro
• Une gouvernance spécifique de la zone euro
• Un partage assumé de la souveraineté, au service de la stabilité et de la croissance
• Un besoin de lisibilité, de cohérence et d'efficacité : simplifier l'architecture institutionnelle
• Une légitimité démocratique : garantir l'implication permanente des parlements nationaux de la zone euro.

"La crise des dettes souveraines qui parcourt l'Europe sonne l'heure, pour la zone euro de la fin des illusions, jusqu'à présent entretenues par une gouvernance publique qui s'est condamnée à l'impuissance. Nous avons cru que l'Europe et sa monnaie unique, l'euro, apporteraient les réponses à toutes nos préoccupations nationales : la compétitivité, la croissance, le plein emploi. Mais l'euro a connu sa décennie des "années folles", nous renvoyant l'image de notre gouvernance nationale et locale et de toutes nos insuffisances. Il est grand temps de tirer les conséquences de l'union monétaire et d'assumer, enfin, l'intégration politique et le partage de souveraineté. Nous aurons besoin de cohérence mais aussi, et surtout, d'une démocratie plus aboutie et plus effective. Tel est l'esprit des grandes orientations que je livre au débat public. Désormais, le choix est simple : l'intégration politique ou le chaos."--P. [4] of cover.

• Introduction Jean-Pierre Cabestan, Jean-Francois Di Meglio & Xavier Richet
• Part 1: China's Adaptation, Reforms and their Limits
• 1. The Global Financial Crisis and China's Domestic and International Political Options Jean-Pierre Cabestan
• 2. Labor Pains: Chinese Economic Policy in an Age of a Shrinking Work Force Arthur Kroeber
• 3. An Assessment of China's Relative Fiscal Strength Jean-Charles Sambor
• 4. An Assessment of China's Banking System Reform Alicia Garcia-Herrero and Banco Bilbao Vizcaya Argentaria
• 5. Three Chinese Banks among Top Ten Banks Worldwide: Illusion or Reality? Philippe Aguignier
• 6. China's Tax Policy Response to the Global Crisis Wei Cui
• Part 2: China and its Regional and International Environment Since 2008
• 7. China and Post-Crisis Regional Cooperation in East Asia Francoise Nicolas
• 8. The Invention of a "Currency of the Third Type": Yuan's Internationalization Without Convertibility Jean-Francois Di Meglio
• Part 3: The Global Financial Crisis, Europe and China
• 9. Europe and China Respond to the Crisis: Policies, Performances, and Issues Xavier Richet
• 10. Trade Imbalances and the Crises of 1929 and
• 2007: China in the United States' Shoes? Antoine Brunet and Jean-Paul Guichard.
• (source: Nielsen Book Data)

This book examines China's response to the 2007-2008 global financial crisis, and the resulting new status acquired by China within the international economy. It considers the things China did to weather the crisis, discussing the stimulus package put in place by China and how China's banks coped, but above all examines the measures which countries outside China look to China to put in place in order to better encourage and secure world-wide economic recovery, measures such as currency revaluation, tax reform and greater stimulation of domestic demand. The book contrasts China's response to the crisis, and China's increasingly central role in the world economy, with the responses of the European Union. The book also assesses China's increasingly important regional role, in particular its dialogue with the new Japanese government, and China's positioning towards Southeast Asia, and also discusses the growth of Chinese foreign direct investment.
(source: Nielsen Book Data)

• The origin of mistrust
• The secrets behind the banks
• Europe's awkward ambitions to change the world
• Too different for one policy
• First doubts about the euro
• The American crisis becomes the European crisis
• The European central bank's first rescue of the states
• Karlsruhe, ruling the world from the province
• The well-known secret of the Greek tragedy
• Let Greece default
• Bringing the euro to the brink, in order to save it
• Sell your islands
• Contagion
• Dr. Faust saves the euro
• From a new complacency to the Irish crisis
• A sophisticated way to commit suicide
• A fateful fight between the ECB and the heads of governments
• The crisis reaches Italy and Spain
• Berlusconi's moral hazard and the German waterboarding strategy
• Solution or dissolution : political union or the end of the euro
• Epilogue : toward the political union.

Three times in the few years since the global financial crisis erupted, the euro has come close to extinction, endangering both the world economy and history's most ambitious project in shared sovereignty. Yet each time, the case for a common currency proved to be more compelling than its weaknesses, and the euro survived. Saving Europe reveals how the nexus of international economics and national politics pushed monetary union to the brink of a breakup, how that disastrous development was avoided, and why the long-term viability of a common currency challenges politics as we know it. Carlo Bastasin reveals and analyses what has been happening behind the scenes in European negotiations since the financial crisis began with the collapse of major financial institutions in 2008. He argues that the crisis in the euro zone actually has a political origin, having emerged from the self-interested abuses of national politics. Moreover, the crisis is reinforced even now by the obstinate defence of national prerogatives in politics and finance as well as by the lack of commitment for shared or supranational sovereignty. While the prevalent view is that monetary union was a flawed project from the start and is in need of amending, Bastasin shows that the failures have to do almost entirely with national opportunism -not only in Greece but in most countries, including Germany -and concludes that the crisis will lead to Europe's political union. Bastasin's work is an engrossing historical chronicle, interweaving moments of high drama with individual personalities on the world stage. German Chancellor Angela Merkel, French President Nicolas Sarkozy, and national and European central bankers, among others, play key roles. Saving Europe is also a rigorous attempt to make larger sense of what has happened in the euro zone and what might happen next. Given the central importance of Europe within the fragile world economy as well as growing speculation that the euro might disappear, this is essential reading for anyone trying to grasp international economics and politics. Just as important, it is a compelling tale of people, personalities, power, and money. There is no other book like it.
(source: Nielsen Book Data)

• List of figures-- List of tables-- List of boxes-- List of contributors--
• 1. Introduction Miroslav Beblavy, David Cobham and Ludovit Odor--
• 2. Towards a new architecture for financial stability in Europe Athanasios Orphanides-- Part I. The Experience of the Crisis:
• 3. Weathering the financial storm: the importance of fundamentals and flexibility Thorvardur Tjorvi Olafsson and Thorarinn G. Petursson--
• 4. The Irish crisis Philip R. Lane--
• 5. The crisis in Spain: origins and developments Angel Gavilan, Pablo Hernandez de Cos, Juan F. Jimeno and Juan A. Rojas--
• 6. The financial crisis and the Baltic countries Aurelijus Dabusinskas and Martti Randveer-- Part II. Accession to the Euro Area:
• 7. The road to euro adoption: a comparison of Slovakia and Slovenia Biswajit Banerjee, Damjan Kozamernik and Ludovit Odor--
• 8. Is the euro really a 'teuro'? The effects of introducing the euro on prices of everyday non-tradables in Slovakia Miroslav Beblavy--
• 9. The euro's contribution to economic stability in Central, Eastern and Southeastern Europe: is euro adoption still attractive? Ewald Nowotny--
• 10. Is the euro still attractive for CEE countries? Zdenek Tuma and David Vavra-- Part III. The Future of the Euro Area:
• 11. Why the current account may matter in a monetary union: lessons from the financial crisis in the euro area Francesco Giavazzi and Luigi Spaventa--
• 12. National fiscal rules within the EU framework Daniele Franco and Stefania Zotteri--
• 13. The road to better resolution: from bail-out to bail-in Thomas F. Huertas--
• 14. Financial stability and monetary policy: lessons from the euro area Laurent Clerc and Benoit Mojon--
• 15. Is there a case for price level targeting? Boris Cournede and Diego Moccero--
• 16. Heterogeneity in the euro area and why it matters for the future of the currency union Wendy Carlin--
• 17. How to regain confidence in the euro area? Vitor Gaspar--
• 18. How to regain confidence in the euro area Stefan Gerlach--
• 19. How to save the euro? Lessons from the US Jacques Melitz-- Index.
• (source: Nielsen Book Data)

The financial crisis of 2007-10 has presented a number of key policy challenges for those concerned with the long-term stability of the euro area. It has shown that price stability as provided by the European Central Bank is not enough to guarantee financial stability, and exposed fault lines in governance and deficiencies in the architecture of the financial supervisory and regulatory framework. This book addresses these and other issues, including why the crisis affected some countries more than others, whether the euro is still attractive for new EU states, and what policy changes and structural reforms, both macro and micro, should be undertaken to ensure its future viability. Written by a team of leading academic and central bank economists, the book also includes chapters on the cross-country incidence of the crisis, the Irish crisis and ECB monetary policy during the crisis, and studies on Spain, the Baltics, Slovakia and Slovenia.
(source: Nielsen Book Data)