ECO Books
https://hdl.handle.net/1814/1930
2024-03-28T21:34:32ZKeynes's 'Economic consequences of the peace' after 100 years : polemics and policy
https://hdl.handle.net/1814/76739
Keynes's 'Economic consequences of the peace' after 100 years : polemics and policy
CLAVIN, Patricia; CORSETTI, Giancarlo; OBSTFELD, Maurice; TOOZE, Adam
The Economic Consequences of the Peace is one of the most famous books in the history of economic thought. It is also one of the most polemical. Published as a response to what Keynes saw as the grave errors of the Treaty of Versailles, the book predicted that war reparations and other harsh terms imposed on Germany would lead to its collapse, which in turn would lead to devastating consequences for Europe and the wider world. Predictions that we now know to have been all too accurate. Keynes's Economic Consequences of the Peace after 100 Years brings together an international team of experts to assess the legacy of Keynes's best-selling work. It compiles a series of wide-ranging chapters, exploring the varied influence of his ideas and policy contributions. Written in an accessible style, it recovers the importance of this history and examines the continued relevance of Keynes's controversial book.
Published online: 14 December 2023
2023-01-01T00:00:00ZThe international economic and financial order after the pandemic and war
https://hdl.handle.net/1814/75707
The international economic and financial order after the pandemic and war
CORSETTI, Giancarlo; EICHENGREEN, Barry; VIVES, Xavier; ZETTELMEYER, Jeromin
The fifth report in The Future of Banking series, part of the Banking Initiative from the IESE Business School, examines the implications of the Covid-19 pandemic and the war in Ukraine for the international economic and financial order. It centres around three major components: the macroeconomic outlook and the changes needed to the economic policy model (fiscal, monetary and regulatory) to preserve economic and financial stability; the consequences for the international monetary system and the position of the US dollar; and the financial architecture needed to ensure sovereign debt sustainability, with special attention to Europe.
2023-01-01T00:00:00ZThe making of the European Monetary Union : 30 years since the ERM crisis
https://hdl.handle.net/1814/75435
The making of the European Monetary Union : 30 years since the ERM crisis
CORSETTI, Giancarlo; HALE, Galina; WEDER DI MAURO, Beatrice
September 2022 marked the thirtieth anniversary of the Exchange Rate Mechanism (ERM) crisis, a seismic event which shook the continent and caused a severe recession to spread rapidly across European economies. To mark the occasion, CEPR organised, in collaboration with the Pierre Werner Chair at the EUI, a two-part webinar to reflect on the potential lessons from the crisis. These insightful discussions led to the creation of this eBook, which brings together eminent scholars and CEPR researchers who witnessed first-hand the fallout, both economic and political, of countries in the European Union. Many of the contributors have since been involved in managing, designing and debating the making of the European monetary system over the last three decades. The eBook discusses the origins of the crisis and frames it within a broader European historical and political perspective. It considers the underlying causes – German reunification, the struggle for monetary cooperation, the instability of a fixed exchange rate regime under capital mobility – which ultimately led to the breakdown of a flawed system. From disaster to revival, the eBook explains why the crisis was such a watershed moment for European economic policy formation and traces the growth and subsequent construction of a more robust European monetary system. It highlights how the trauma of the ERM crisis may have been the impulse needed to reinforce the ultimate adoption of a single, common currency in the form of the euro. In the following decades, the eBook shows how lessons from the crisis have remained pertinent, influencing theories of currency crisis and the development of instruments and institutions able to adequately respond to subsequent financial instability and debt crises. The final section reflects on the need for changes to further strengthen the institutional setup.
Published online: 20 February 2023
2023-01-01T00:00:00ZEconomic analysis in EU competition policy : recent trends at the national and EU level
https://hdl.handle.net/1814/73526
Economic analysis in EU competition policy : recent trends at the national and EU level
PARCU, Pier Luigi; MONTI, Giorgio; BOTTA, Marco
This insightful book assesses emerging trends in the role of economic analysis in EU competition policy, exploring how it has substantially increased in terms of both theories and methods. Expert contributors examine the jurisprudence of the EU Court of Justice, which has become more supportive of effect-based analysis in EU competition policy. Chapters consider key topics including the role of economic analysis in relation to defining the relevant market, the challenges of competition policy enforcement in the telecom and digital markets, and economic methods to estimate damages in cases of private enforcement of EU competition law. The book also discusses the challenges faced by judges in reviewing the economic evidence relied on by competition agencies in their decisions and how these may be overcome. Providing a comparative analysis of EU competition policy at both the EU and national levels, this book will be a valuable resource for scholars and students of EU competition policy. It will also be beneficial for practitioners specialising in competition law and economics.
2021-01-01T00:00:00Z