Franco Bruni

Do We Understand It? Forbidden Questions on the Financial Crisis

During the current economic crisis recurring questions on the validity of the liberal economic system have resurfaced concerning the role of the state and the free market, the proactive use of fiscal policies, economic nationalism, and environmental sustainability. However, due to the depth and scope of the crisis new emphasis is being placed on these issues. This book attaches great importance to the specific consequences for the European Union by addressing critical themes surrounding its role in the new era of global economic governance. These include the coherence of common monetary policy with national fiscal policies, new financial regulation and supervision, and the future sustainability of national rescue plans and their compatibility with ambitious targets, such as those addressing climate change.

Curing and Preventing Euroarea’s Sovereign Debt Crises: Some Issues and a Recipe

The sovereign debt crisis that has now been troubling the euro area for nearly three years originated as part of the scenario of the global financial turbulence that started in the summer of 2007, but it is characterised by specific causes and peculiar problems. The efforts to diagnose its causes, as well as to cure it and to prevent future difficulties of the same kind and severity, require careful consideration of the features of the institutions of the European Union, of the organisation of the financial sector of the euro area and of the economic policies of the member countries.

Europe and the World’s Economy Governance: The Monetary and Financial Perspective

Three years after the worst economic crisis since the Great Depression, economic growth has resurfaced across the world, but with significant variation. This timely book illustrates that although mature economies (the EU in particular) are still confronting sluggish economic performance, emerging markets seem to have fully recovered. It explores the reform of global economic governance after the crisis and, in this context, addresses the role of the EU and its economic prospects for the coming decade.