NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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A Crash Course on the Euro Crisis

Markus K. Brunnermeier, Ricardo Reis

NBER Working Paper No. 26229
Issued in September 2019

---- Acknowledgments ----

We are grateful to Luis Garicano, Philip Lane, Sam Langfield, Marco Pagano, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh, and Dimitri Vayanos for shaping our initial views on the crisis, to Kaman Lyu for excellent research assistance throughout, and to generations of students at Columbia, the LSE, and Princeton to whom we taught this material over the years, and who gave us comments on different drafts of slides and text. This project has received funding from the European Union’s Horizon 2020 research and innovation programme, INFL, under grant number No. GA: 682288. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Markus K. Brunnermeier ----

see https://scholar.princeton.edu/markus/pages/disclosures

---- Disclosure of Financial Relationships for Ricardo Reis ----

I have been an academic consultant or have given lectures receiving modest financial compensation at many policy institutions over the past 3 years, including the Bank of England, the FRB Richmond, the Norges Bank, and the Swiss National Bank. None of these interfered in any way with my research in this paper.

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