PPT-A crash-course on the euro crisis

A crashcourse on the euro crisis Markus K Brunnermeier amp Ricardo Reis Capital inflows and their allocation Section 2 The runup to the euro crisis A modern view of capital flows A model of misallocation. Stavros D. Mavroudeas. Dept. . of Economics. University of Macedonia. e-mail: . smavro@uom.gr. . International Initiative for Promoting Political Economy. 5th . Annual Conference in Political Economy. What is Crisis?. Crisis is a fast pace debate style in which delegates can commit actions which have both repercussions and rewards. In crisis there is no speakers’ list—instead, it’s a perpetual moderated caucus with frequent unmoderated caucuses occurring. Jeffrey Frankel. Harpel Professor of Capital Formation and Growth. Harvard Kennedy School. State . of the E. uro. Center . for European . Studies. September . 22, 2015. 1. The . membership. should not have been expanded so . Assaf. . Razin. June 2010. Tracking the Great Depression by months into the Crisis. Eichengreen. and . O’Rourke. 2. And, after 1 year…. Shocks are of similar magnitude but different policy actions. . 4 Lectures. . 1. The financial crisis of 2007-09. 2. How banking regulation is changing. 3. The euro area crisis and the Italian economy. 4. The new European governance, the ECB monetary policy and theBanking Union. Jeffrey Frankel. Harpel . Professor. Advanced Workshop on Global Political Economy,. Institute for Global Law & Policy, Harvard Law School. Lecture . III, June 1, . 2012. The Euro Crisis. 2. . Was European Monetary Union a bad idea from the start?. Britain, . Greece and . Europe. Where . will the journey end. ?. David Marsh, Managing Director, . OMFIF. 27 June 2016, Athens. 1. ‘Monetary union without political union will be a castle in the air.’ . Layna. Mosley. Dept. of Political Science. UNC Chapel Hill. mosley@unc.edu. Cyprus, March 2013. Cyprus joined EU in 2004, and the . eurozone. in 2008. Outline. The making of Economic and Monetary Union (EMU). October 16, 2010. House prices rose rapidly from 2000 to 2006. Subprime mortgages expanded rapidly as well. Increase in house prices slowed down in 2007. Households with excessive debt began to face problems. October 16, 2010. House prices rose rapidly from 2000 to 2006. Subprime mortgages expanded rapidly as well. Increase in house prices slowed down in 2007. Households with excessive debt began to face problems. What caused the global recession of 08?. And thus caused the European debt crisis. America Sneezes and the World gets Pneumonia!. The Housing bubble bursts 2006. The bubble burst. By August 2008, 9.2% of all U.S. mortgages outstanding were either delinquent or in foreclosure. By September 2009, this had risen to 14.4%. Between August 2007 and October 2008, 936,439 US residences completed foreclosure!. Layna. Mosley. Dept. of Political Science. UNC Chapel Hill. mosley@unc.edu. Cyprus, March 2013. Cyprus joined EU in 2004, and the . eurozone. in 2008. Outline. The making of Economic and Monetary Union (EMU). BIS Papers No 61Since the euro146s inception two sets of developments have enlarged the de facto euro zone The first is policy-based and well understood but the second is market-based and ill understo ContentsAbout SUERF 150 the European Money and Finance Forumhapter 1 ntroduction and overview The EU146s 147Northern148 enlargement 25 years on 150 stocktaking and some thoughts for the futureErnest G