The Euro Trap: On Bursting Bubbles, Budgets, and Beliefs

by Hans-Werner Sinn

Book Overview

This book offers a critical assessment of the history of the euro, its crisis, and the rescue measures taken by the European Central Bank and the community of states. The euro induced huge capital flows from the northern to the southern countries of the Eurozone that triggered an inflationary credit bubble in the latter, deprived them of their competitiveness, and made them vulnerable to the financial crisis that spilled over from the US in 2007 and...

• Format: Hardcover
• Language: English
• ISBN: 0198702132
• ISBN13: 9780198702139
• Release Date: September 2014
• Publisher: Oxford University Press
• Length: 404 Pages
• Weight: 1.75 lbs.
• Dimensions: 1.3" x 6.3" x 9.2"