The Euro and the global crises: finding the balance between short term stabilization and forward looking reforms
NBER Working Paper No. 18138
---- Acknowledgements ----
I would like to thank Michael Bordo, Brian Pinto, Albrecht Ritschl, Federico Sturzenegger, and the participants at the European Monetary Union: Lessons from the Debt Crisis OeNB_40th Conference, May 2012, Vienna, for their comments. Any views presented are those of the author and not the the National Bureau of Economic Research or the Austrian National Bank.