The economic and financial crisis and its aftermath have put economic and monetary union
(EMU) to the test and exposed gaps in its initial policy architecture. Collective rules of fiscal …

The origin and propagation of the European sovereign debt crisis can be attributed to the
flawed original design of the euro. In particular, there was an incomplete understanding of …

Tangled Governance addresses the institutions that were deployed to fight the euro crisis, re-
establish financial stability, and prevent contagion beyond Europe. The author addresses …

The years since the global financial crisis have seen something of a renaissance in the
manufacturing industry. The United States has launched its Advanced Manufacturing …

Global governance of international banks is breaking down after the Great Financial Crisis,
as national regulators are withdrawing on their home turf. New evidence presented …

The search for solutions to the euro crisis is based on a partial diagnosis that
overemphasises the lack of enforcement of existing fiscal rules. Europe's leaders should …

European debates over reform of the fiscal governance of the euro area frequently reference
fiscal federalism in the United States. The" fiscal compact" agreed by the European Council …

Banking and sovereign risk in the euro area are highly correlated. This working paper sheds
light on the link. We study the stock market performance and the holdings of government …

This paper analyzes the decisions taken since the start of the financial and economic crisis
in the European Union and assesses them in the light of the traditional debates of …

If citizens of different countries belonging to an economic union adhere to different and
deeply rooted cultural norms, when these countries interact they may find it impossible to …