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| Author | : Daniel McGovern |
| Publisher | : Wiley |
| Total Pages | : 224 |
| Release | : 2012-11-30 |
| Genre | : Business & Economics |
| ISBN | : 9781118318591 |
Download The European Debt Crisis and the Future of the Eurozone Book in PDF, ePub and Kindle
Everything finance professionals need to know about Europe's sovereign debt crisis Europe's debt crisis continues unabated, resulting in steep borrowing costs, loss of access to capital markets, and unprecedented sovereign debt restructuring. Banking systems are suffering through deteriorating loan books, deposit outflows, and a loss of medium-term funding. The EU and European Central Bank have responded with massive bailout programs, but financial markets remain wary of the long-term prospects for Europe, particularly as the possibility of peripheral countries leaving the Eurozone increases. The European Debt Crisis and the Future of the Eurozone presents unique insider perspectives on the crisis with informed insight from key players in the ECB, major European governments, and ratings agencies, as well as leading bankers and market analysts. The book details the root causes of the crisis, including excessive leverage and large deficits, before exploring the role of credit ratings and credit default swaps in sustaining the crisis. It looks at what can be done to ensure liquidity for governments and banks and offers advice for investors on what to do if they become insolvent. It explains the reforms needed to put Europe's banks and governments on a stable long-term footing and what those reforms will mean for investors and finance and banking professionals. Includes a clear and compelling explanation of the sovereign debt crisis and what can be done to fix Europe's ailing banks and governments Enables readers to understand both how banking problems can overwhelm governments and how government debt problems can undermine local banking systems Written by a financial consultant with more than 25 years of experience working in sovereign debt, economic and financial research, and capital markets Europe's debt crisis and the reforms needed to solve it will have a major impact on financial and banking decisions for years to come. The European Debt Crisis and the Future of the Eurozone gives bankers and investors the information they need to successfully navigate the EU's shifting financial landscape.
| Author | : Matthias Matthijs |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 369 |
| Release | : 2015 |
| Genre | : Business & Economics |
| ISBN | : 0190233249 |
Download The Future of the Euro Book in PDF, ePub and Kindle
The Future of the Euro is an attempt by political economists to scrutinize the fundamental causes of the euro crisis, determine how it could be fixed, and consider its possible futures. The book makes three interrelated arguments about the euro's problem, experience, and future that stress the primacy of political over economic factors.
| Author | : Rajeesh Kumar |
| Publisher | : Springer |
| Total Pages | : 310 |
| Release | : 2014-08-05 |
| Genre | : Political Science |
| ISBN | : 1137356758 |
Download The Eurozone Crisis and the Future of Europe Book in PDF, ePub and Kindle
The authors uncover the roots of the eurozone crisis, focusing on how this can be solved against the backdrop of a very deep financial and economic crisis and its strong social impact. Looking at the impact of the financial crisis on the eurozone, they explore the European Union's recent and future developments.
| Author | : Richard E. Baldwin |
| Publisher | : |
| Total Pages | : |
| Release | : 2015 |
| Genre | : |
| ISBN | : 9781907142932 |
Download The Eurozone Crisis Book in PDF, ePub and Kindle
| Author | : Kemal Dervis |
| Publisher | : Brookings Institution Press |
| Total Pages | : 226 |
| Release | : 2014-05-05 |
| Genre | : Political Science |
| ISBN | : 081572554X |
Download Europe's Crisis, Europe's Future Book in PDF, ePub and Kindle
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 Derviş 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.
| Author | : Ali Ari |
| Publisher | : Cambridge Scholars Publishing |
| Total Pages | : 295 |
| Release | : 2014-03-17 |
| Genre | : Political Science |
| ISBN | : 1443857920 |
Download The European Debt Crisis Book in PDF, ePub and Kindle
The recent global financial crisis is considered to be the most severe crisis which has led to a synchronised recession since the Great Depression in the 1930s. Europe is the most affected region in the world as a result of this crisis, and, as such, the sovereign debt crisis remains the most important issue in the Eurozone and threatens the future of the EU. This book provides answers, from both theoretical and empirical perspectives, to the following questions: What caused the global and European debt crises? What are the consequences of these crises? Why, despite the implementation of several policy measures, are these crises still affecting the world economy? What are the solutions to end the on-going crisis situation in the Eurozone? How can future crisis episodes in the world economy be prevented? Eleven quality papers from both academics and professionals are included in this volume, each of which provides a significant source, reference, and teaching supplement for researchers, policymakers and advanced graduate students. In addition, the papers collected here will also provide supplementary readings for advanced courses for graduate students in economics and European studies.
| Author | : Mario Baldassarri |
| Publisher | : Springer |
| Total Pages | : 459 |
| Release | : 2017-10-01 |
| Genre | : Business & Economics |
| ISBN | : 3319580809 |
Download The European Roots of the Eurozone Crisis Book in PDF, ePub and Kindle
This book examines the Eurozone crisis in light of theoretical and empirical evidence. The first half explores specific theoretical contributions within a framework of growth theory models to examine the two major pillars of the European construction, the European Central Bank and the Maastricht Treaty, and seeks to explain why they are theoretically wrong. The second half presents results of counterfactual simulations using the Oxford Econometric model and estimates what the Eurozone has lost in terms of economic and social cost from 2002 to 2014 as a consequence of the super-evaluation of the Euro and the Maastricht Treaty parameters being mistakenly fixed and pursued. Finally, the author supports the urgent need to refund the European Union, up-dating The Maastricht Treaty and the ECB statute to build three concentric circles: the USE (United States of Europe), the EU (European Union), the EAFTDA (Europe/Africa Free Trade and Development Area).
| Author | : Costas Simitis |
| Publisher | : Manchester University Press |
| Total Pages | : 540 |
| Release | : 2016-05-16 |
| Genre | : Political Science |
| ISBN | : 1526112000 |
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In this book, former Greek Prime Minister Costas Simitis examines the European debt crisis with particular reference to the case of Greece. Greece was the first Eurozone country to face an enormous deficit, which reached 15% of GDP in 2009. As the Greek crisis unfolded, other Eurozone countries displayed identical symptoms, albeit in varying degrees of severity. From a strictly Greek predicament the debt crisis quickly turned into a problem for the European Union as a whole. This first English language translation investigates the causes of this spillover and chronicles the policy responses to combat it. It also discusses Greece’s troubled political economy, the country’s difficulties in adjusting to the demands of its creditors and the vehement social and political reactions to the policy of austerity. Through his comprehensive and authoritative analysis, Simitis provides valuable insights into the crucial interconnection between Greece’s own economic troubles and the wider European search for macroeconomic stability and sustainable economic growth. As such, the book appeals well beyond those with a narrow academic interest in Greece. This is very much a discussion about the future of the Eurozone and the European Union as a whole.
| Author | : Christian Tschäbunin |
| Publisher | : GRIN Verlag |
| Total Pages | : 86 |
| Release | : 2017-08-01 |
| Genre | : Business & Economics |
| ISBN | : 3668496463 |
Download The European debt crisis and its effects on Germany's economic competitiveness Book in PDF, ePub and Kindle
For Germany, as a strongly export-oriented economy, competitiveness on the international markets is of critical importance for its wealth and economic growth. A loss of competitive advantages could therefore severely affect the German economy. The aim of this book is to answer the question if and in what way this threat affected Germany’s economic competitiveness during the European debt crisis. The results will then be used to further define the publicly dominant disadvantages as well as possible advantages for Germany as a consequence of the crisis. In the end, the book also has the objective to give policy recommendations for the euro crisis from a German perspective. The results can subsequently contribute to the discussion whether Germany’s current policy is really „without any alternative“. In order to achieve the overall research goal, a combination of literature review and comprehensive data analysis is used. First of all, to provide a first „pillar“ of contextual background for the following analysis, an overview of the development and causes of the European debt crisis is given by referring to existing literature. Also, this section presents the financial and economic consequences of the described events in a graphical manner. Secondly, to construct the second pillar of conceptual framework, the term „economic competitiveness” is defined by a comprehensive literature review. Emphasis is put upon the concept of „ability to sell” and the measurement method of the country rankings while a short overview of other concepts is also provided. Finally, in combining theory and practice, an in-depth data-based analysis of the development of Germany’s economic competitiveness is given. With the help of various publicly available data sources, Germany’s ability to sell and other competitiveness metrics are tracked and elaborated on over the last centuries, with a special emphasis on the timeframe of the European debt crisis. Furthermore, comparisons to other countries are made to emphasize characteristics unique to Germany. Ultimately, the results of the analyses are evaluated and concluded in a short discussion about Germany’s current policy in the euro crisis. In this book: - the European debt crisis; - the role of Germany; - competitiveness; - prosperity; - ability to sell
| Author | : Martin Sandbu |
| Publisher | : Princeton University Press |
| Total Pages | : 344 |
| Release | : 2017-03-14 |
| Genre | : Business & Economics |
| ISBN | : 1400885515 |
Download Europe's Orphan Book in PDF, ePub and Kindle
A timely account of the Euro crisis that challenges our assumptions about debt and economic recovery Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. In Europe's Orphan, leading economic commentator Martin Sandbu presents a compelling defense of the euro. He argues that rather than blaming the euro for the political and economic failures in Europe since the global financial crisis, the responsibility lies firmly on the authorities of the eurozone and its member countries. The eurozone's self-inflicted financial calamities and economic decline resulted from a toxic cocktail of unforced policy errors by bankers, politicians, and bureaucrats; the unhealthy coziness between finance and governments; and, above all, an extreme unwillingness to restructure debt. Sandbu traces the origins of monetary union back to the desire for greater European unity after the Second World War. But the euro’s creation coincided with a credit bubble that governments chose not to rein in. Once the crisis hit, a battle of both ideas and interests led to the failure to aggressively restructure sovereign and bank debt. Ideologically informed choices set in motion dynamics that encouraged more economic mistakes and heightened political tensions within the eurozone. Sandbu concludes that the prevailing view that monetary union can only work with fiscal and political union is wrong and dangerous—and risks sending the continent into further political paralysis and economic stagnation. Contending that the euro has been wrongfully scapegoated for the eurozone’s troubles, Europe’s Orphan charts what actually must be done for the continent to achieve an economic and political recovery. This revised edition contains a new preface addressing the economic and political implications of Brexit, as well as updated text throughout. Europe’s Orphan charts what actually must be done for the continent to achieve a full recovery.
