The Euro Area and the Financial Crisis

The financial crisis of 2007-2010 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.

Author: Miroslav Beblavy
Publisher: Cambridge University Press
Published: 03/06/2014
Pages: 372
Binding Type: Paperback
Weight: 1.09lbs
Size: 9.00h x 6.00w x 0.77d
ISBN: 9781107673007

About the Author
Cobham, David: - David Cobham is Professor of Economics at Heriot-Watt University. He is a specialist in monetary policy who has worked on UK, French and Italian monetary policy, on European monetary integration and on monetary policy and exchange rate regimes in the Middle East and North Africa. He is the editor or co-editor of a number of books on European monetary integration, including The Travails of the Eurozone (2007) and Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects (Cambridge University Press, 2010).

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