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Status:
Available4.5
34 reviewsISBN-10 : 1137346477
ISBN-13 : 9781137346476
Author: Vito Tanzi
Dollar, Euro's and Debt discusses the recent financial, economic, and fiscal crisis. It argues that the focus that has been put on cyclical aspects of the crisis has missed the fundamental point, that the crisis is largely structural, even though cyclical factors (the sub-prime problem) may have precipitated, or better anticipated, it.
1 Introduction
2 The Crisis and the Calls for Policy Responses
3 Central Banks as Lenders of Last Resort
4 The Pressures on Germany to Help Save the Euro
5 The Fiscal Situation before the Crisis
6 The EMU Rules and Goodhart’s Law
7 On Public Debts, Fiscal Deficits, and the Maastricht Rules
8 Fiscal Policy During the Recent Crisis
9 Fiscal Policy and the Fiction of Fungible Labor
10 The EMU and the USA: What Are the Differences?
11 Trade Balances within Monetary Unions
12 On Central Banks’ Payment Systems within Unions
13 Strategies to Get Out of the Fiscal Crisis
14 Is There a Fundamental Law of Public Expenditure Growth?
15 Concluding Remarks
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Tags: Dollars, Euros, Debt, Fiscal Crisis, Vito Tanzi