Emerging from the Euro debt crisis: making the single currency work

Abstract

1. Introduction: Managing Complexityk, 2. The Path to European Monetary Union, 3. The Evolution of the Debt Crisis, 4. Economic Impact of the Euro: Who Benefits?, 5. Reassessing the Criteria for an Optimum Currency Area in Europe, 6. What Went Wrong with Public and Macroeconomic Stabilization?, 7. Policy Conclusions, 8. Aligning Crisis Management and Long-Term Reform Incentives, 9. A Final Word