Book description: Why 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,...

Most Central Banks in the world are currently considering - or at least studying - the launch of a Central Bank Digital Currency (CBDC). For instance, on 14 July 2021 the European Central Bank decided to launch a two-year investigation phase of a possible Digital Euro [European Central Bank...

Most Central Banks in the world are currently considering - or at least studying - the launch of a Central Bank Digital Currency (CBDC). For instance, on 14 July 2021 the European Central Bank decided to launch a two-year investigation phase of a possible Digital Euro [European Central Bank...

It is widely recognised that an excess of credit caused the financial crisis. In the future, one objective of macroprudential policy will be to regulate the financial cycle in order to prevent the disruptions associated with booms and busts. Tools have been available for a long time to regulate...

This paper presents some remarks on two specific issues: first on the current process of deleveraging at work in some advanced economies; and, second, on the role that financial innovation may play in fostering long-term finance and investment.Full publication: "http://ssrn.com/abstract=2413391"...