Dollars, Euros, and Debt: How We Got into the Fiscal Crisis, and How We Get Out of It

✍ Scribed by Vito Tanzi (auth.)

• Publisher: Palgrave Macmillan UK
• Year: 2013
• Tongue: English
• Leaves: 192
• Edition: 1
• Category: Library

✦ Synopsis

Dollar, Euro's and Debt discusses the recent financial, economic, and fiscal crisis. It argues that the focus that has been put on cyclical aspects of the crisis has missed the fundamental point, that the crisis is largely structural, even though cyclical factors (the sub-prime problem) may have precipitated, or better anticipated, it.

✦ Table of Contents

Front Matter....Pages i-ix
Introduction....Pages 1-9
The Crisis and the Calls for Policy Responses....Pages 11-21
Central Banks as Lenders of Last Resort....Pages 23-36
The Pressures on Germany to Help Save the Euro....Pages 37-43
The Fiscal Situation before the Crisis....Pages 45-50
The EMU Rules and Goodhart’s Law....Pages 51-62
On Public Debts, Fiscal Deficits, and the Maastricht Rules....Pages 63-69
Fiscal Policy During the Recent Crisis....Pages 71-88
Fiscal Policy and the Fiction of Fungible Labor....Pages 89-94
The EMU and the USA: What Are the Differences?....Pages 95-108
Trade Balances within Monetary Unions....Pages 109-115
On Central Banks’ Payment Systems within Unions....Pages 117-132
Strategies to Get Out of the Fiscal Crisis....Pages 133-150
Is There a Fundamental Law of Public Expenditure Growth?....Pages 151-166
Concluding Remarks....Pages 167-174
Back Matter....Pages 175-189

✦ Subjects

Microeconomics; Macroeconomics/Monetary Economics//Financial Economics; Finance, general; Regional/Spatial Science; Business Finance; International Economics