The paper analyses how the IMF brought its experience gained in emerging market sovereign debt crises in the troika’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in the 2000s. We examine subsequent changes in the...

On June 7, 2015, the euro rescue fund will celebrate its 5th anniversary. Thus, it is time to take stock regarding the success of the reform strategy, the institutional relevance of the ESM, and current political challenges to the conditionality principle which is an essential pillar of the...

Incomplete monetary union and Europe's current crisis -- From order to disorder : how monetary union changed national labor markets -- Monetary regimes, sectoral wage relations and the current account crisis in the EMU south : empirical evidence -- National central banks promoting inflation...

Ein allgemein verständliches Werk über Staatsschulden von einem Wirtschaftswissenschaftler und einem Wirtschaftsjournalisten, das auf Staatsverschuldung, auf die Geschichte des Defizits in Deutschland im Allgemeinen und in der jüngsten Finanzkrise im Besonderen eingeht. 1/3 des Buches geht...