The Euro and the Battle of Ideas (eBook)

Markus K. Brunnermeier, Harold James, Jean-Pierre Landau (Autoren)

eBook Download: PDF | EPUB

2016
448 Seiten
Princeton University Press (Verlag)
978-1-4008-8333-2 (ISBN)

Infos

Markus K. Brunnermeier is the Edwards S. Sanford Professor of Economics at Princeton University and Director of Princeton's Bendheim Center of Finance. Harold James is professor of history and international affairs and the Claude and Lore Kelly Professor of European Studies at Princeton University. Jean-Pierre Landau is former deputy governor of the Banque de France and associate professor of economics at Sciences Po in Paris.

---

How philosophical differences between Eurozone nations led to the Euro crisis-and where to go from hereWhy is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe's survival.As the authors demonstrate, Germany, a federal state with strong regional governments, saw the Maastricht Treaty, the framework for the Euro, as a set of rules. France, on the other hand, with a more centralized system of government, saw the framework as flexible, to be overseen by governments. The authors discuss how the troubles faced by the Euro have led its member states to focus on national, as opposed to collective, responses, a reaction explained by the resurgence of the battle of economic ideas: rules vs. discretion, liability vs. solidarity, solvency vs. liquidity, austerity vs. stimulus.Weaving together economic analysis and historical reflection, The Euro and the Battle of Ideas provides a forensic investigation and a road map for Europe's future.

Produkt-Details

• Erscheint lt. Verlag: 4.8.2016
• Zusatzinfo: 20 line illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: 1997 Asian financial crisis • Angela Merkel • asset • Austerity • Bailout • Bank • banking union • bank run • Bond (finance) • Capital Market • Central Bank • Coalition Government • competitiveness • conditionality • credibility • Creditor • credit risk • Crisis Management • Currency • Currency Union • Current Account • debt • Debt Crisis • Debtor • Debt Restructuring • Deflation • Depreciation • Deutsche Bank • Deutsche Bundesbank • Devaluation • Economic Growth • Economic planning • Economic Policy • Economics • economist • economy • Employment • Eurobond • european central bank • European Commission • European Debt Crisis • European Integration • European Stability Mechanism • European systemic risk board • Eurozone • Exchange Rate • Finance • Financial Crisis • Financial crisis of 2007–08 • Financial institution • Financial Services • Fiscal Policy • fiscal union • Funding • German model • Government bond • Government Debt • Greek withdrawal from the eurozone • Haircut (finance) • income • Inflation • Insolvency • Institution • insurance • Interest Rate • International Monetary Fund • International monetary systems • Investment • Investor • Keynesian Economics • Liability (financial accounting) • Liberalization • Maastricht Treaty • market discipline • market liquidity • Milton Friedman • monetary authority • monetary policy • Moral Hazard • Nicolas Sarkozy • Political Economy • Politician • Politics • Provision (accounting) • Public Finance • recapitalization • Recession • Redenomination • Reputation • Risk • Silvio Berlusconi • solvency • sovereign default • Supply (economics) • Tax • Treaty • Unemployment • wage • World Economy • World War II
• ISBN-10: 1-4008-8333-4 / 1400883334
• ISBN-13: 978-1-4008-8333-2 / 9781400883332