Economic, Monetary and Fiscal Policies
Introduction 1 John Ryan and John Loughlin Historical Monetary Unions: Lessons for the current Eurozone Crisis 5 Lothar Funk Towards a resilient EMU? The German-Inspired Response to the Euro Crisis Assessed 31 Michael Wohlgemuth Is Germany’s Current Account Surplus ‘Unfair’? 69 Sebastián Royo After Austerity: Lessons from the Spanish Experience 87 Heribert Dieter and Maria Krummenacher Maastricht 2.0: Alternatives for Monetary Union beyond the Centralization Fetish 113 Jacob Kirkegaard Closer Fiscal Policy among Eurozone Members 135 Mathias Dolls, Clemens Fuest, Dirk Neumann and Andreas Peichl Fiscal Integration in the Eurozone: Economic Effects of Two Key Scenarios 171 Conclusions 203 Notes on Contributors 207
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