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This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 -...
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This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU's budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational...
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This book makes a unique contribution to the assessment of Eurozone’s foundations and viability by drawing on factor … mobility. It makes essential reading for all professionals keen in Eurozone economics and anyone with a genuine interest on the … future of EU/Eurozone. Static and dynamic econometric analysis provide an excellent guide to quants specialists and at the …
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