Pt. 1. 2008: after the crash. The worst market crisis in 60 years ; The perilous price of oil ; Paulson cannot be allowed a blank check ; Recapitalise the banking system ; How to capitalize the banks and save finance ; America must lead a rescue of emerging economies -- pt. 2. 2009: The right...

In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention. Whereas Greece and Ireland struggle for austerity in private and public spending, Germany is urged to reduce its current account...

"On the 25th January 2015, the Greek people voted in an election of historic importance--not just for Greece but potentially all of Europe. The radical party Syriza was elected and austerity and the neoliberal agenda challenged. Suddenly it seems as if there is an alternative. But what? The...

This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...

Macroeconomic imbalances increase the vulnerability of an economy to adverse shocks, which in turn can lead to crises with severe economic and social costs. We propose an early warning model that predicts such crises. We identify a set of macroeconomic indicators capturing domestic and external...

Das Urteil ist vernichtend, das der renommierte Ökonom und langjährige Chefvolkswirt der UN-Organisation für Handel und Entwicklung (UNCTAD) Heiner Flassbeck (zuletzt ID-G 27/14) und sein Kollege und Syriza-Abgeordneter C. Lapavitsas über die Lage der europäischen Wirtschafts- und...