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The Euro Area and the Financial Crisis (Paperback)
Loot Price: R1,388
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The Euro Area and the Financial Crisis (Paperback)
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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.
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