Towards a consensus on the causes of the EZ Crisis | VOX, CEPR’s Policy Portal

Towards a consensus on the causes of the EZ Crisis | VOX, CEPR’s Policy Portal

There is not yet a consensus on what more needs to be done in order to cope with the Eurozone Crisis. This new Vox eBook concerns the causes and possible solutions to the problem. In it, the authors highlight three ultimate causes for the Crisis. First, policy failures allowed the imbalances to become very large. A second cause is the lack of institutions to absorb shocks at the EZ level. The third one is crisis mismanagement.

The e-book