A Financial Crisis Manual: Reflections and the Road Ahead

Front Matter....Pages i-xxi
Introduction....Pages 1-8
Front Matter....Pages 9-9
A Retrospective on the Great Recession: Causes, Effects and Prospects....Pages 11-23
European Public Finances through the Crisis....Pages 24-38
ECB Monetary Policy and the Euro during the Crisis....Pages 39-57
The Repression of Financial Markets....Pages 58-80
Chasing the Tail of Financial Stability? Solutions to the Last Crisis Are the Seeds for the Next One....Pages 81-101
Front Matter....Pages 103-103
An Empirical Study on Greece’s Current Account Determinants Before and After the Outbreak of the Global Financial Crisis....Pages 105-129
Greek Fiscal Multipliers Revisited: Government Spending Cuts vs. Tax Hikes and the Role of Public Investment Expenditure....Pages 130-169
The Challenge of Restoring Debt Sustainability in a Deep Economic Recession: The Case of Greece....Pages 170-188
The Case for a New Reprofiling of Greek Public Debt and Why a Relaxation of the Bailout Program’s Future Fiscal Targets May Prove to Be a Self-Financing Policy Shift....Pages 189-200
External Debt Evolution When Global Financial Markets Are Incomplete....Pages 201-224
Foreign Direct Investment, Innovation and Brain Drain in Greece: Turning a Problem into an Opportunity....Pages 225-254
Front Matter....Pages 255-255
Globalized Finance in Disarray....Pages 257-280
The Elephant in the Euro Room....Pages 281-307
From the Euro-Crisis to a New European Economic Architecture....Pages 308-328
Afterword: The Road Ahead....Pages 329-330
Back Matter....Pages 331-334