1.

Record Nr.

UNINA9910157523903321

Autore

Villar Burke Javier

Titolo

Weathering the storm : the financial crisis and the EU response . Volume II The response to the crisis / / Javier Villar Burke

Pubbl/distr/stampa

New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2017

ISBN

1-63157-681-X

Edizione

[First edition.]

Descrizione fisica

1 online resource (xiv, 169 pages)

Collana

Finance and financial management collection, , 2331-0057

Disciplina

337.142

Soggetti

Global Financial Crisis, 2008-2009

Electronic books.

European Union countries Economic conditions 21st century

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references (pages 157-164) and index.

Nota di contenuto

Part C. Supporting the financial system and sovereigns under financial stress -- Chapter 4. Supporting the financial system -- Chapter 5. Supporting sovereigns under financial stress -- Part D. The regulatory reform of the single market for financial services -- Chapter 6. Regulatory reform I: general framework -- Chapter 7. Regulatory reform II: overview of the new rules -- Part E. Macroeconomic policies: economic governance and growth strategy -- Chapter 8. Enhanced economic governance -- Chapter 9. The growth strategy -- Part F. Summary and challenges ahead -- Chapter 10. An integrated framework: achievements and challenges ahead -- Acronyms -- References -- Index.

Sommario/riassunto

Explores the factors leading up to the recent global financial and economic crisis, how the crisis unfolded, and the response of European and national authorities. The book describes the rationale behind the measures undertaken to mitigate the consequences of the recession and to ensure that a similar situation does not happen again in the future. In the wake of the crisis, various major changes continue to significantly affect the life and social organization of Europeans. For instance, a new ESM with a size financially comparable to that of the IMF was created; similarly, the reforms in economic governance imply much more intrusive participation of European countries in each other's



macroeconomic policies. Moreover, the organization, regulation, and supervision of the financial sector have been drastically revamped. The decisions taken by European and national authorities affect the daily lives of hundreds of millions of European citizens and countless more around the globe. An insightful read for anyone interested in understanding the topic and its effect on their lives, the book primarily addresses undergraduate students in their final year and graduate students in fields such as economics, finance, and political science. The main messages are explained through examples and charts. After reviewing the origins of the financial crisis in the first volume, this second volume focuses on the response given by national and European authorities.