The Euro Area and the Financial Crisis (Paperback)

List of figures; List of tables; List of boxes; List of contributors; 1. Introduction Miroslav Beblavy, David Cobham and ?udovit Odor; 2. Towards a new architecture for financial stability in Europe Athanasios Orphanides; Part I. The Experience of the Crisis: 3. Weathering the financial storm: the importance of fundamentals and flexibility Thorvardur Tjorvi Olafsson and Thorarinn G. Petursson; 4. The Irish crisis Philip R. Lane; 5. The crisis in Spain: origins and developments Angel Gavilan, Pablo Hernandez de Cos, Juan F. Jimeno and Juan A. Rojas; 6. The financial crisis and the Baltic countries Aurelijus Dabu?inskas and Martti Randveer; Part II. Accession to the Euro Area: 7. The road to euro adoption: a comparison of Slovakia and Slovenia Biswajit Banerjee, Damjan Kozamernik and ?udovit Odor; 8. Is the euro really a 'teuro'? The effects of introducing the euro on prices of everyday non-tradables in Slovakia Miroslav Beblavy; 9. The euro's contribution to economic stability in Central, Eastern and Southeastern Europe: is euro adoption still attractive? Ewald Nowotny; 10. Is the euro still attractive for CEE countries? Zden?k T?ma and David Vavra; Part III. The Future of the Euro Area: 11. Why the current account may matter in a monetary union: lessons from the financial crisis in the euro area Francesco Giavazzi and Luigi Spaventa; 12. National fiscal rules within the EU framework Daniele Franco and Stefania Zotteri; 13. The road to better resolution: from bail-out to bail-in Thomas F. Huertas; 14. Financial stability and monetary policy: lessons from the euro area Laurent Clerc and Benoit Mojon; 15. Is there a case for price level targeting? Boris Cournede and Diego Moccero; 16. Heterogeneity in the euro area and why it matters for the future of the currency union Wendy Carlin; 17. How to regain confidence in the euro area? Vitor Gaspar; 18. How to regain confidence in the euro area Stefan Gerlach; 19. How to save the euro? Lessons from the US Jacques Melitz; Index.