EMU 2.0: Drawing Lessons from the Crisis: To enhance stability and growth in the economic and monetary union - Couverture souple

Papaspyrou, Theodoros

 
9783659780530: EMU 2.0: Drawing Lessons from the Crisis: To enhance stability and growth in the economic and monetary union
Couverture souple
ISBN 10 : 3659780537 ISBN 13 : 9783659780530
Editeur : LAP LAMBERT Academic Publishing, 2015

Synopsis

From the analysis of the emergence and the management of the global and the sovereign debt crisis useful lessons can be drawn for the design of public policy at EU and national level. After some initial weaknesses in policy action, decisive initiatives by EU authorities, supported by significant progress to strengthen further economic and financial governance and reduce macroeconomic imbalances, succeeded in preserving the stability and integrity of the euro area. While the priority given by the EU policy action to financial stability was fully justified, it is also clear that robust economic growth is essential for durable financial stability and overall welfare. Policies enhancing both stability and growth are possible in EMU and some of them have started being implemented, while others are at an advance state of development. There is ample scope for national economic policies which, if well-designed and properly implemented, will enhance the growth potential of member countries. However, legacy problems such as the excessive government debt burden in some countries must be resolved.

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Présentation de l'éditeur

From the analysis of the emergence and the management of the global and the sovereign debt crisis useful lessons can be drawn for the design of public policy at EU and national level. After some initial weaknesses in policy action, decisive initiatives by EU authorities, supported by significant progress to strengthen further economic and financial governance and reduce macroeconomic imbalances, succeeded in preserving the stability and integrity of the euro area. While the priority given by the EU policy action to financial stability was fully justified, it is also clear that robust economic growth is essential for durable financial stability and overall welfare. Policies enhancing both stability and growth are possible in EMU and some of them have started being implemented, while others are at an advance state of development. There is ample scope for national economic policies which, if well-designed and properly implemented, will enhance the growth potential of member countries. However, legacy problems such as the excessive government debt burden in some countries must be resolved.

Biographie de l'auteur

Theodoros Papaspyrou is currently Adviser at the Bank of Greece and previously worked as economist at the European Commission, Directorate General for Economic and Financial Affairs. He studied and got degrees in economics from the Universities of Athens and London.His research interests concern European economic and monetary integration and policy

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Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2015
Langue
anglais
ISBN 10 
3659780537
ISBN 13 
9783659780530
Reliure
Broché
Nombre de pages
56
Coordonnées du fabricant
non disponible
Personne responsable
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