The Economics of the Monetary Union and the Eurozone Crisis

• Main Author: Sanchis i Marco, Manuel (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2014.
• Series: SpringerBriefs in Economics,
• Subjects: Macroeconomics.; International economics.; European Economic Community literature.; Public finance.; Labor economics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; European Integration.; International Economics.; Labor Economics.; Public Economics.

A regulatory idea conducted this work: the need to connect the economic rationale of the theory of currency areas with the current EU institutional frame of the European monetary unification process. The latter includes the recent revamping of fiscal rules of the Stability and Growth Pact, and calls...

Table of Contents:

• The Economics of Monetary Union: the Theory of Optimum Currency Areas (OCAs)
• The Economic Rationale of Fiscal Rules in OCAs: The SGP and the EDP
• To Cope with Asymmetric Shocks in EMU: The Role of Labour Market Flexibility
• The Concept of Labour Market Flexicurity in the Eurozone
• The Spanish Case: The Housing Market Bubble and External Disequilibria
• The Global Crisis and Alternative Scenarios to Save the Euro: A Spanish Perspective
• Appendix: Ideology and Economics in the Failure of Lehman Brothers.