Emerging from the Euro Debt Crisis

Making the Single Currency Work

Authors: Heise, Michael

  • Makes the Euro crisis accessible to a broad readership
  • Discusses the appropriate tools of crisis management
  • Explores complex issues in a clear and easy-to-follow way
  • Based on empirical analysis
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eBook $44.99
price for USA (gross)
  • ISBN 978-3-642-37527-9
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
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  • Immediate eBook download after purchase
Hardcover $59.99
price for USA
  • ISBN 978-3-642-37526-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $59.99
price for USA
  • ISBN 978-3-642-43092-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Despite the success of policymakers and the European Central Bank in calming down financial markets since the summer of 2012, European leaders are still facing formidable challenges in making the single currency work in a complex environment. This book starts with a review of the necessary elements of a currency union and highlights the reasons why the system has run into its present troubles. It points to important policy recommendations to be drawn from a structural analysis of the currency union, achievements and failures of the currency union and ways to improve fiscal sustainability and arrive at stable macroeconomic performance for the union. It highlights the importance and the effectiveness of structural reforms that have to accompany fiscal consolidation and discusses the appropriate tools of crisis management and why a restructuring of the Eurozone is not the right step. Based on these considerations, a long-term target picture for the Eurozone as a part of the EU is outlined, providing a valuable contribution to a hopefully intense public debate in the coming years.

About the authors

Michael Heise is Chief Economist and Head of Corporate Development at Allianz SE, where he advises the board on economic and strategic issues. He is responsible for the analysis and forecasts of the German and the international economy, and for financial markets and risk analysis. Heise studied and graduated from Cologne University and is teaching as a honorary professor at the Johann Wolfgang Goethe University in Frankfurt-am-Main. Before joining the Allianz Group, Heise was Secretary General of the German Council of Economic Experts, Chief Economist and Head of Research at DZ Bank.


Reviews

Das Buch ist ein wichtiger Beitrag zu einer wichtigen Debatte. (Gerald Braunberger, FAZ, 15. Juli 2013)

Table of contents (9 chapters)

  • Introduction: Managing Complexity

    Heise, Michael

    Pages 1-3

  • The Path to European Monetary Union

    Heise, Michael

    Pages 5-16

  • The Evolution of the Debt Crisis

    Heise, Michael

    Pages 17-22

  • Economic Impact of the Euro—Who Benefits?

    Heise, Michael

    Pages 23-34

  • Re-assessing the Criteria for an Optimum Currency Area in Europe

    Heise, Michael

    Pages 35-50

Buy this book

eBook $44.99
price for USA (gross)
  • ISBN 978-3-642-37527-9
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $59.99
price for USA
  • ISBN 978-3-642-37526-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $59.99
price for USA
  • ISBN 978-3-642-43092-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Emerging from the Euro Debt Crisis
Book Subtitle
Making the Single Currency Work
Authors
Copyright
2013
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-37527-9
DOI
10.1007/978-3-642-37527-9
Hardcover ISBN
978-3-642-37526-2
Softcover ISBN
978-3-642-43092-3
Edition Number
1
Number of Pages
XIII, 123
Topics