What are the main lessons to be drawn from the European financial crisis? This column argues that the Eurozone really is at a major cross-roads. Without a common fiscal policy, and without adequate institutions for aggregate demand management, European leaders have to constantly alter the rules. Currency risk will be the major concern of financial markets, much more than in the past, due to how Europe has dealt with the Greek crisis.

The main lessons to be drawn from the European financial crisis

Tabellini, Guido
2015

Abstract

What are the main lessons to be drawn from the European financial crisis? This column argues that the Eurozone really is at a major cross-roads. Without a common fiscal policy, and without adequate institutions for aggregate demand management, European leaders have to constantly alter the rules. Currency risk will be the major concern of financial markets, much more than in the past, due to how Europe has dealt with the Greek crisis.
2015
9781907142888
Baldwin, Richard; Giavazzi, Francesco
The Eurozone crisis: a consensus view of the causes and a few possible remedies
Tabellini, Guido
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4000557
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