Syndetics cover image
Image from Syndetics

The Euro Area and the Financial Crisis [electronic resource].

By: Contributor(s): Material type: Computer fileComputer filePublisher number: 9781107014749Publication details: Cambridge : Cambridge University Press, 2011.ISBN:
  • 9781139159678
Subject(s): Genre/Form: Additional physical formats: Print version:: The Euro Area and the Financial CrisisDDC classification:
  • 330.94/0561 332.4566094
LOC classification:
  • HB3782
Online resources:
Contents:
Cover; The Euro Area and the Financial Crisis; Title; Copyright; Contents; Figures; Tables; Boxes; Contributors; Abbreviations and acronyms; 1 Introduction; 2 Towards a new architecture for financial stability in Europe; Athanasios Orphanides; References; Part I The experience of the crisis; 3 Weathering the financial storm: the importance of fundamentals and flexibility; 1 Introduction; 2 The data; 2.1 The country sample; 2.2 Crisis indicators; 2.3 Potential pre-crisis explanatory variables; 3 Empirical results; 3.1 The real-economy effects of the crisis; The depth of the contraction
3 Causes and amplifying mechanisms of the business cycle in the BalticsFiscal policy; Labour market; External trade; Competitiveness channel; 4 Economic policy; 4.1 Accuracy of real-time output gap estimates and growth forecasts; 4.2 Economic policy measures; 5 Conclusions; Appendix; References; Part II Accession to the euro area; 7 The road to euro adoption: a comparison of Slovakia and Slovenia; 1 Introduction; 2 Meeting the Maastricht inflation criterion; 2.1 Inflation developments; 2.2 Determinants of inflation; 2.3 Inflation sustainability
3 Monetary policy frameworks and meeting the exchange rate stability criterion3.1 The monetary policy framework in Slovenia; 3.2 The monetary policy framework in Slovakia; 4 Fiscal policy; 4.1 Fiscal policy in Slovenia; 4.2 Fiscal policy in Slovakia; 5 Lessons for future Eurozone entrants; References; 8 Is the euro really a 'teuro'? The effects of introducing the euro on prices of everyday non-tradables in Slovakia; 1 Introduction; 2 Inflation shocks during euro adoption: literature survey; 2.1 Euro as 'teuro'; 2.2 Frequently experienced prices; 3 Methodology; 4 Findings
4.1 Inflation in Slovakia and the euro area: the overall HICP and specific non-tradables
5 The crisis in Spain: origins and developments1 Introduction; 2 From EMU accession to the crisis; 2.1 Interest rates; 2.2 Immigration; 2.3 Fiscal consolidation; 2.4 External imbalance; 3 Accounting for the expansion, measuring the imbalances; 4 Measuring the role of fiscal policy and structural reforms; 5 Concluding remarks; References; 6 The financial crisis and the Baltic countries; 1 Introduction; 2 Descriptive and comparative evidence; 2.1 Comparison with previous recessions in OECD countries and selected emerging markets; 2.2 Comparison of the Baltic States
The duration of the contraction3.2 The probability of a banking and currency crisis; Determinants of a banking crisis; Determinants of a currency crisis; Determinants of a twin crisis; Estimated banking and currency crisis probabilities; 3.3 Robustness tests; 3.4 Interpreting the results; 4 Conclusions; Appendix: the data; References; 4 The Irish crisis; 1 Introduction; 2 The boom and bust in Ireland; 3 Crisis management; 3.1 The economic crisis; 3.2 The fiscal crisis; 3.3 The banking crisis; 3.4 The EU/IMF deal; 4 Ireland and EMU; 5 Conclusions; References
Summary: Shows how the world financial crisis has struck the euro area and examines policies to ensure its future viability.
Holdings
Item type Home library Call number Status Date due Barcode Item holds
Electronic Resource Electronic Resource UH Online Library Ebooks Not for loan
Total holds: 0

Enhanced descriptions from Syndetics:

Description based upon print version of record.

Cover; The Euro Area and the Financial Crisis; Title; Copyright; Contents; Figures; Tables; Boxes; Contributors; Abbreviations and acronyms; 1 Introduction; 2 Towards a new architecture for financial stability in Europe; Athanasios Orphanides; References; Part I The experience of the crisis; 3 Weathering the financial storm: the importance of fundamentals and flexibility; 1 Introduction; 2 The data; 2.1 The country sample; 2.2 Crisis indicators; 2.3 Potential pre-crisis explanatory variables; 3 Empirical results; 3.1 The real-economy effects of the crisis; The depth of the contraction

3 Causes and amplifying mechanisms of the business cycle in the BalticsFiscal policy; Labour market; External trade; Competitiveness channel; 4 Economic policy; 4.1 Accuracy of real-time output gap estimates and growth forecasts; 4.2 Economic policy measures; 5 Conclusions; Appendix; References; Part II Accession to the euro area; 7 The road to euro adoption: a comparison of Slovakia and Slovenia; 1 Introduction; 2 Meeting the Maastricht inflation criterion; 2.1 Inflation developments; 2.2 Determinants of inflation; 2.3 Inflation sustainability

3 Monetary policy frameworks and meeting the exchange rate stability criterion3.1 The monetary policy framework in Slovenia; 3.2 The monetary policy framework in Slovakia; 4 Fiscal policy; 4.1 Fiscal policy in Slovenia; 4.2 Fiscal policy in Slovakia; 5 Lessons for future Eurozone entrants; References; 8 Is the euro really a 'teuro'? The effects of introducing the euro on prices of everyday non-tradables in Slovakia; 1 Introduction; 2 Inflation shocks during euro adoption: literature survey; 2.1 Euro as 'teuro'; 2.2 Frequently experienced prices; 3 Methodology; 4 Findings

4.1 Inflation in Slovakia and the euro area: the overall HICP and specific non-tradables

5 The crisis in Spain: origins and developments1 Introduction; 2 From EMU accession to the crisis; 2.1 Interest rates; 2.2 Immigration; 2.3 Fiscal consolidation; 2.4 External imbalance; 3 Accounting for the expansion, measuring the imbalances; 4 Measuring the role of fiscal policy and structural reforms; 5 Concluding remarks; References; 6 The financial crisis and the Baltic countries; 1 Introduction; 2 Descriptive and comparative evidence; 2.1 Comparison with previous recessions in OECD countries and selected emerging markets; 2.2 Comparison of the Baltic States

The duration of the contraction3.2 The probability of a banking and currency crisis; Determinants of a banking crisis; Determinants of a currency crisis; Determinants of a twin crisis; Estimated banking and currency crisis probabilities; 3.3 Robustness tests; 3.4 Interpreting the results; 4 Conclusions; Appendix: the data; References; 4 The Irish crisis; 1 Introduction; 2 The boom and bust in Ireland; 3 Crisis management; 3.1 The economic crisis; 3.2 The fiscal crisis; 3.3 The banking crisis; 3.4 The EU/IMF deal; 4 Ireland and EMU; 5 Conclusions; References

Shows how the world financial crisis has struck the euro area and examines policies to ensure its future viability.