The Limits of Surveillance and Financial Market Failure: Lessons From The Euro-Area Crisis
In this book, economist with rich experience in economic and financial policy-making address abroad range of difficult policy issues. the book examines the economic and political factors affecting the dynamics of the Euro-area, suggesting that the crisis was actually balance-of-payments-induced, deribing from single-currency tensions as well as excessive sovereign debt. The book suggest that the sustainability of the Euro area and the convergence of economic performance crucially depends on structural reform in both surplus and deficit countries. This book will be a useful resource for those with an interest in macro and micro-prudential policy, market stability and failure and financial regulation.
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