Emerging Europe and the Great Recession.

This volume adds to the existing literature on the Great Recession and the variety of current troubles in the European Union by providing the views of someone who has been in the trenches at national and international levels and who has extensive policy and academic experience. Furthermore, it deals...

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Bibliographic Details
Author / Creator: Dăianu, Daniel.
Format: eBook Electronic
Language:English
Imprint: Newcastle-upon-Tyne : Cambridge Scholars Publisher, 2018.
Subjects:
Local Note:Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2022. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Online Access:Click to View
Table of Contents:
  • Intro
  • Contents
  • List of Illustrations
  • List of Tables
  • Acknowledgements
  • Preface: Why This Volume?
  • Introduction
  • Part I. Society and the Great Recession
  • Chapter One
  • 1. What went wrong?
  • 2. Reinterpreting globalisation
  • Chapter Two
  • 1. Reform of the regulation and supervision of financial markets
  • 2. Revision of financial organisations' business models
  • 3. Risk modelling needs to change
  • 4. More suitable cognitive models are needed
  • 5. Downsizing the financial sector makes sense
  • 6. Economies need to be more balanced to enhance their robustness and resilience
  • 7. Globalisation may have gone too far, so corrections are needed
  • 8. Models of economic integration need re-th
  • 9. The relationship between governments and society needs to be repaired
  • 10. Revisiting the rules and institutions of the international regime is a must
  • Chapter Three
  • Chapter Four
  • 1. Commercial banks precede central banks
  • 2. The money vs. credit debate
  • 3. Money creation and financial stability
  • 4. Crypto (parallel)-currencies and the money supply
  • 5. Financial system overhaul proposals
  • 6. What would happen to credit?
  • 7. Unconventional policies
  • 8. What does the future hold for finance?
  • Chapter Five
  • 1. Shocks: conventional and unconventional
  • 2. Why has robustness (resilience) been falling?
  • 3. What to do now?
  • 4. In place of a concl
  • Chapter Six
  • 1. A few historical benchmarks
  • 2. Why is protectionism returning in the developed world?
  • 3. Simple analytics of a trade-off
  • 4. A resurrection of national interests
  • 5. The New Protectionism: Whither?
  • Part II. The European Union and the Great Recession
  • Chapter Seven
  • 1. Introduction
  • 2. Domestic cycles and the financial cycle
  • 3. When the financial cycle meets "secular stagnation"
  • 4. An Age of Ultra-Low Interest Rates?.
  • 5. The Financial Cycle and macroprudential policies
  • 6. Elements of a policy agenda
  • 7. Final remarks
  • Chapter Eight
  • 1. Introduction
  • 2. Financial stability
  • 3. A focus on NMSs
  • 4. Regaining financial stability
  • 5. Issues to ponder on
  • Chapter Nine
  • 1. Introduction
  • 2. Roots of strain in the EMU
  • 3. Deceptive aggregate deficits in the EMU
  • 4. The EU policy response
  • 5. The policy space challenge
  • Chapter Ten
  • 1. A global perspective
  • 2. A European perspective
  • 3. Conclusion
  • Chapter Eleven
  • 1. Why the Bretton Woods logic needs to be rediscovered
  • 2. The Euroarea needs its own Bretton Woods
  • 3. Democratic order demands taming financial markets
  • 4. Rediscovering the logic and spirit of Bretton Woods
  • Part III. Romania and the Great Recession
  • Chapter Twelve
  • 1. Introduction
  • 2. Romania
  • 3. Older vintage policy issues/dilemmas
  • 4. Recent vintage dilemmas: A new age?
  • 5. Final remarks
  • Chapter Thirteen
  • 1. Introduction
  • 2. Where has Romania come from?
  • 3. Post-communist transition in Romania
  • 4. Romanian capitalism in its post-communist phase
  • 5. Romania, the EU, and catching up
  • Chapter Fourteen
  • 1. Introduction
  • 2. The Economic and Monetary Union-between theory and practice
  • 3. Euroarea vulnerabilities and reform limits. Further progress is needed
  • 4. Conditions for joining the Euroarea
  • 5. Conclusions
  • Afterthoughts on What Ails Europe and What To Do About It
  • Bibliography
  • Index.