Title Emerging from the Euro debt crisis : making the single currency work / Michael Heise

Published Berlin ; New York : Springer, ©2013

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Description 1 online resource (xiii, 123 pages) : color illustrations Contents Introduction: 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 Summary "Despite 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."--Publisher's website Analysis Economics Economic policy Europe -- Economic policy International economics Macroeconomics Finance Economics/Management Science European Integration Macroeconomics/Monetary Economics Public Finance & Economics economisch beleid economie bedrijfswetenschap management science internationale economie international economy integratie integration Europa Europe public finance Management studies, Business Administration, Organizational Science (General) Economics (General) Management, bedrijfskunde, organisatiekunde (algemeen) Economie (algemeen) Bibliography Includes bibliographical references and index Notes Online resource; title from PDF title page (SpringerLink, viewed July 19, 2013) Subject Financial crises -- European Union countries Debts, Public -- European Union countries BUSINESS & ECONOMICS -- Development -- Business Development. BUSINESS & ECONOMICS -- Development -- Economic Development. BUSINESS & ECONOMICS -- Development -- General. BUSINESS & ECONOMICS -- Government & Business. BUSINESS & ECONOMICS -- Structural Adjustment. POLITICAL SCIENCE -- Public Policy -- Economic Policy. Science économique. Affaires. Debts, Public Economic history Economic policy Financial crises Finanzkrise Schuldenkrise Währungspolitik SUBJECT European Union countries -- Economic policy European Union countries -- Economic conditions -- 21st century European Economic Community countries -- Economic policy. http://id.loc.gov/authorities/subjects/sh89006824 European Economic Community countries -- Economic conditions -- 21st century Subject European Economic Community countries European Union countries Europäische Union. Genre/Form Electronic books Form Electronic book ISBN 9783642375279 3642375278 364237526X 9783642375262 9781299861138 129986113X

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