A Crash Course on the Euro Crisis

Markus Bunnermeier () and Ricardo Reis
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Markus Bunnermeier: Princeton University
Authors registered in the RePEc Author Service: Markus K. Brunnermeier

No 1915, Discussion Papers from Centre for Macroeconomics (CFM)

Abstract: The financial crises of the last twenty years brought new economic concepts into classroom discussions. This article introduces undergraduate students and teachers to seven of these models: (i) misallocation of capital inflows, (ii) modern and shadow banks, (iii) strategic complementarities and amplification, (iv) debt contracts and the distinction between solvency and liquidity, (v) the diabolic loop, (vi) regional flights to safety, and (vii) unconventional monetary policy. We apply each of them to provide a full account of the euro crisis of 2010-12.Length: 51 pages

Date: 2019-08
New Economics Papers: this item is included in nep-eec and nep-fdg
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Citations: View citations in EconPapers (17)

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http://www.centreformacroeconomics.ac.uk/Discussio ... MDP2019-15-Paper.pdf (application/pdf)

Related works:
Working Paper: A Crash Course on the Euro Crisis (2019)
Working Paper: A Crash Course on the Euro Crisis (2019)
Working Paper: Crash Course on the Euro Crisis (2019)
Working Paper: A Crash Course on the Euro Crisis (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:cfm:wpaper:1915

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