Overview Papers Marty Feldstein, The Euro and European Economic Conditions, NBER Working Paper 17617, 2011 Fiscal Challenges Philip Lane, The European Sovereign Debt Crisis, 2012 Banking Challenges Anil Kashyap, Kim Schoenholtz and Hyun Song Shin, Will EU Fail Stress Tests? , Bloomberg View, 2012 Balance-of-Payments Challenges Olivier Blanchard, Adjustment within the Euro. The Difficult Case of Portugal, 2006Francesco Giavazzi and Luigi Spaventa, Why the Current Account May Matter in a Monetary Union, 2010 Silvia Merler and Jean Pisani-Ferry, Sudden Stops in the Euro Area, Bruegel Policy Contribution, March,2012 An Evaluation of Policy Responses and Prospects Vitor Constancio, Contagion and the European Debt Crisis, Banque de France Financial Stability Review No. 16, April,2012Michael Bordo, Agnieszka Markiewicz, and Lars Jonung, A Fiscal Union for the Euro: Some Lessons from History, NBER Working Paper 17380, 2011 Mohamed El Erian, Evolution, Impact and Limitations of Unusual Central Bank Policy Activism, Pimco, 2012 Markus Brunnermeier, Luis Garicano, Philip Lane, Marco Pagano, Riardo Reis, Tano Santos, Stijn Van Nieuwerburgh and Dimitry Vayanos, European Safe Bonds (ESBies), Paper by the euro-nomics group, 2011 Christian Hellwig and Thomas Philippon, Eurobills, not Eurobonds, VOX EU, 2011 Jacques Delpla and Jakob von Weizsacker, The Blue Bond Proposal, Bruegel Policy Brief, May,2010 Jeffrey Frankel, Could Eurobonds be the answer to the Eurozone crisis? , VOX EU, June 27, 2012 |