TY  - BOOK
AU  - Wallace,Paul
TI  - The euro experiment
SN  - 9781316223130 (ebook)
AV  - HG925 .W346 2016
U1  - 332.4/94 23
PY  - 2016///
CY  - Cambridge
PB  - Cambridge University Press
KW  - Eurozone
KW  - Monetary unions
KW  - Europe
KW  - Financial crises
KW  - European Union countries
KW  - Economic integration
N1  - Title from publisher's bibliographic system (viewed on 10 Dec 2015); A question of survival -- Defective design -- Fragile strength -- Greeks bearing debts -- Bad banks -- Hotel California: the existential crisis -- Defender of last resort -- Sovereign remedies -- Debtors' prison
N2  - How and why did the euro crisis happen? What are the implications for the economic and political future of Europe? The euro is an extraordinary political and economic experiment, the results of which are still highly uncertain. This book, written by a leading commentator on the economics of the European Union, provides a clear and analytical guide to the euro experiment and the subsequent crisis. Written in a balanced way that is neither pro-euro nor euro-sceptic, it explains the political forces that helped to create and maintain the single currency. Further, it argues that the recent crisis can be best understood in terms of six fundamental issues: sovereign debt, banking, private debt, macroeconomic imbalances, defective economic governance, and the interplay of national and European politics. This accessible account will appeal to a wide readership, including general readers and students as well academics and policymakers working in banking and public policy
UR  - https://doi.org/10.1017/CBO9781316223130
ER  -