The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Solutions

Richard Baldwin, Francesco Giavazzi

07 September 2015

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Foreword

Introduction
Richard Baldwin and Francesco Giavazzi

Five years of crisis (resolution) – some lessons
Thorsten Beck and José-Luis Peydró

Maastricht flaws and remedies
Agnès Bénassy-Quéré

Roots of the Eurozone crisis: Incomplete development and imperfect credibility of institutions
Giancarlo Corsetti

Design failures of the Eurozone
Paul De Grauwe

Causes of Eurozone crises
Jeffrey Frankel

The Eurozone crisis and foreign debt
Daniel Gros

International financial flows and the Eurozone crisis
Philip R. Lane

What future for the Eurozone?
Stefano Micossi

Eurozone Original Sin? Nominal rather than institutional convergence
Elias Papaioannou

Structural reforms and monetary policy revisited
Paolo Pesenti

The main lessons to be drawn from the European financial crisis
Guido Tabellini

Causes of a continuing crisis: Not dealing with debt
Beatrice Weder di Mauro

Divergence of liability and control as the source of over-indebtedness and moral hazard in the European Monetary Union
Lars P Feld, Christoph M Schmidt, Isabel Schnabel and Volker Wieland

The Eurozone crisis: Too few lessons learned
Charles Wyplosz

Events