Economic Crisis in the Eurozone.

Bibliographic Details
Main Author: Young, Ellen F.
Other Authors: Murphy, Tye D.
Format: Book
Language:English
Published: Hauppauge : Nova Science Publishers, Inc., 2013.
Series:European Economic and Political Issues.
Subjects:
Online Access:CONNECT
Table of Contents:
  • ECONOMIC CRISIS IN THE EUROZONE OVERVIEW, OUTLOOK AND ANALYSES ; ECONOMIC CRISIS IN THE EUROZONE OVERVIEW, OUTLOOK AND ANALYSES ; CONTENTS ; PREFACE ; Chapter 1 THE EUROZONE CRISIS: OVERVIEW AND ISSUES FOR CONGRESS ; Summary; Issues for Congress; Introduction; Economic Problems in the Eurozone; Major European Policy Responses; Outlook for the Eurozone: What's Next?; Issues for Congress; Impact on the U.S. Economy; Exposure of the U.S. Financial System; U.S.-EU Trade and Investment; U.S. Government Involvement; The Federal Reserve; Role of the International Monetary Fund (IMF).
  • The Eurozone Crisis, the IMF, and Legislation in the 111th and 112th CongressImplications for Broader U.S.-European Cooperation; Supplemental Figures and Charts; End Notes; Chapter 2 STATEMENT OF TREASURY SECRETARY TIM GEITHNER. HEARING ON "EUROPE'S SOVEREIGN DEBT CRISIS: CAUSES, CONSEQUENCES FOR THE UNITED STATES AND LESSONS LEARNED" ; The European Policy Response; Conclusion; Chapter 3 STATEMENT OF FEDERAL RESERVE CHAIRMAN BEN BERNANKE. HEARING ON "EUROPE'S SOVEREIGN DEBT CRISIS: CAUSES, CONSEQUENCES FOR THE UNITED STATES AND LESSONS LEARNED."
  • Developments in Europe and Their Effects on the U.S. EconomyActions Taken by the Federal Reserve; Conclusion; End Notes; Chapter 4 STATEMENT OF C. FRED BERGSTEN DIRECTOR, PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS1. HEARING ON "OUTLOOK FOR THE EUROZONE" ; Summary; The European Intergration Project; The Political Battle to Save the Euro; The December 2011 Summit; The Role of the International Monetary Fund; Moving toward Fiscal Union; The Remaining Agenda; The Implications for the United States and US Policy; End Notes.
  • Chapter 5 STATEMENT OF SIMON JOHNSON. HEARING ON "OUTLOOK FOR THE EUROZONE" Summary; 1. The Euro Area's Last Stand; 2. Key Systemic Problems in the Euro Area; 2.1. European Sovereign Bonds are Now Deeply Subordinated Claims on Recessionary Economies; 2.2. Crisis Spreads into Europe's Core Banks and Incites Capital Flight from the Periphery; 2.3. Macroeconomic Programs: Too Timid to Restore Confidence or Growth; 3. Solutions; 3.1. The Big Bazooka; 3.2. A More Comprehensive Solution; 4. Playing with Fire: Ways the Euro Area Could Come to an End.
  • 4.1. A Unilateral Exit, or the Credible Threat of One4.2. The Weak Periphery Lashes Out against Germany, while Germany Fights Back; 4.3. Economics of Austerity May Fail; 4.4. Markets Lose Patience; 5. Dreams versus Reality; End Notes; Chapter 6 STATEMENT OF ADAM LERRICK, SCHOLAR FROM THE AMERICAN ENTERPRISE INSTITUTE. HEARING ON "OUTLOOK FOR THE EUROZONE" ; I. Self-Inflicted Crisis: No Discipline and Credulous Markets; II. Disagreement over the Responsibility of Members: Accountability versus Solidarity; III. The Monetary Printing Press: Mimicking the Federal Reserve.