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Emerging from the Euro Debt Crisis - Making the Single Currency Work (Paperback, Softcover reprint of the original 1st ed. 2013)
Loot Price: R1,934
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Emerging from the Euro Debt Crisis - Making the Single Currency Work (Paperback, Softcover reprint of the original 1st ed. 2013)
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Despite the success of policymakers and the European Central Bank
in calming down financial markets since the summer of 2012,
European leaders are still facing formidable challenges in making
the single currency work in a complex environment. This book starts
with a review of the necessary elements of a currency union and
highlights the reasons why the system has run into its present
troubles. It points to important policy recommendations to be drawn
from a structural analysis of the currency union, achievements and
failures of the currency union and ways to improve fiscal
sustainability and arrive at stable macroeconomic performance for
the union. It highlights the importance and the effectiveness of
structural reforms that have to accompany fiscal consolidation and
discusses the appropriate tools of crisis management and why a
restructuring of the Eurozone is not the right step. Based on these
considerations, a long-term target picture for the Eurozone as a
part of the EU is outlined, providing a valuable contribution to a
hopefully intense public debate in the coming years.
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