Lessons from history for the European Financial Crisis

Selin Sayek, Fatma Taskin, 5 July 2014

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As of July 2014, we continue to debate whether the European economy is out of the woods. The effectiveness of policies and the prospects of full recovery are under scrutiny.

Topics: Economic history, Europe's nations and regions, Global crisis
Tags: eurozone, EZ crisis, financial crisis, GIIPS

The euro crisis: Muddling through, or on the way to a more perfect euro union?

Joshua Aizenman, 3 July 2014

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The short history of the Eurozone has been remarkable and unprecedented – the euro project has moved from the planning board to a vibrant currency within less than ten years.

Topics: Institutions and economics, International finance, Monetary policy
Tags: ECB, euro, eurozone, Eurozone crisis, Germany, GIIPS, inflation targeting, institutions

Unity in diversity: Protecting the common market with divergent macroprudential policies

Aerdt Houben, Jan Kakes, 30 July 2013

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The credit crisis and ensuing sovereign crisis powerfully illustrate the limitations of traditional macroeconomic policies to contain financial imbalances. Despite debate on the desirability to dampen credit cycles and asset-price fluctuations, countries have long been reluctant to include this in policy objectives.

Topics: Global crisis, International finance
Tags: Eurozone crisis, GIIPS, Greece, Ireland, Italy, macroprudential tools, Portugal, Spain

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