This book focuses on the construction of the economic policies of the Economic and Monetary Union (EMU) and its institutions. It reviews the faltering economic performance of the EMU countries before and after the onset of the financial crisis.

The focus of this contribution is on macroeconomic and financial policies. It relies on fiscal, monetary and financial stability policies, which aim to develop sustainable and resilient market economies. This contribution relies on our macroeconomic model, which accounts for the financial...