The Euro and the Crisis: Perspectives for the Eurozone as a Monetary and Budgetary Union [Paperback]

This book analyzes the effects of the recent crisis and evaluates potential solutions to the gridlock that is currently dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The timely study highlights the main challenges that European political leaders will face in the months to come. Furthermore, its interdisciplinary approach embraces economic, financial and legal perspectives, so as to ensure the global coherence and comprehensiveness of its content. The contributors to this volume are prominent experts from the areas of Economics, Finance, Law, and Political Science, offering readers a multifaceted view of the topics discussed.

Part 1  The Eurozone as a (non) Optimum Currency Area.- STIGLITZ, Joseph. The fundamental flaws in the Euro Zone framework.- BONGARDT, Annette and TORRES, Francisco. EMU as a Sustainable Currency Area.- ROSSI, Sergio, A structural-reform proposal for a two-speed European monetary union.- MONGELLI, Francesco Paolo, PAPADOPOULOS, Georgios, and REINHOLD, Elisa. Are Euro Area economic structures changing?.- ANDRADE, Jo?o A. S., DUARTE, Adelaide P. S. and SIM?ES, Marta C. N., Differences in human capital and openness to trade as barriers to growth and convergence in the EU.- LOU??, Francisco. Has the euro any future as part of secular stagnation?.- Part 2  A monetary union relying on fiscal policy coordination: achievements, shortcomings and future perspectives.- SANTOS, Lu?s M?ximo dos. The European Monetary Union: political motivation.- MUET, Pierre-Alain. The great recession of 2012-2014: the monetary union challenged by national egoisms.- BELKE, Ansgar. The Fiscal Compact and the Excessive Deficit Procedure - Relics of bygone times?.- IOANNIDES, Yannis M.. A Conceptual Framework for Reforms versus Debt in the Context of a Fiscal Union within the European Monetary Union.- CABO, S?rgio Gon?alves do. Public debt restructuring in a monetary union: the case of the eurlS¢