000 04227nam a22005295i 4500
001 978-3-642-37527-9
003 DE-He213
005 20200420211745.0
007 cr nn 008mamaa
008 130710s2013 gw | s |||| 0|eng d
020 _a9783642375279
_9978-3-642-37527-9
024 7 _a10.1007/978-3-642-37527-9
_2doi
050 4 _aHC241
072 7 _aKCS
_2bicssc
072 7 _aJPSN2
_2bicssc
072 7 _aBUS069020
_2bisacsh
072 7 _aHIS010000
_2bisacsh
082 0 4 _a337.142
_223
100 1 _aHeise, Michael.
_eauthor.
245 1 0 _aEmerging from the Euro Debt Crisis
_h[electronic resource] :
_bMaking the Single Currency Work /
_cby Michael Heise.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2013.
300 _aXIII, 123 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aIntroduction: Managing Complexity -- The Path to European Monetary Union -- The Evolution of the Debt Crisis -- Economic Impact of the Euro - Who Benefits?- Re-assessing the Criteria for an Optimum Currency Area in Europe -- What Went Wrong with Public and Macroeconomic Stabilization?- Policy Conclusions -- Aligning Crisis Management and Long-Term Reform Incentives -- A Final Word.
520 _aDespite 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. "This book makes the case for European monetary union, calling for closer integration but doing so in a meaningful and well reflected way. Improvements are discussed how to make the Euro work on a sustainable basis. Besides a credible commitment of all Euro members to fiscal discipline, the issue of macroeconomic stability and structural reforms needs to be highlighted. Errors in policy making after inception of the Euro are at the heart of the disruptions of recent years. For the future, the author shows the ways and means how more stability could be achieved, including the possibilities of a euro exit and sovereign defaults. This book is written by a highly competent author. Based on a thorough analysis it presents a lucid  interpretation of a complex situation. Highly recommendable read." Prof. Dr. Dr. h.c. mult. Otmar Issing, President, Center for Financial Studies (CFS), House of Finance, Goethe University Frankfurt; Former board member and chief economist of the ECB and the Deutsche Bundesbank  .
650 0 _aMacroeconomics.
650 0 _aInternational economics.
650 0 _aEuropean Economic Community literature.
650 0 _aPublic finance.
650 0 _aEconomic policy.
650 1 4 _aEconomics.
650 2 4 _aEuropean Integration.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aInternational Economics.
650 2 4 _aEconomic Policy.
650 2 4 _aPublic Economics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642375262
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-37527-9
912 _aZDB-2-SBE
942 _cEBK
999 _c50884
_d50884