Darvas, Zoslt, Merler, Sylvia, Huttl, Pia, Walsh, Thomas, (2016), “Analysis of developments in EU capital flows in the global context”, Bruegel, 28 January Free movement of capital, which is one of the four fundamental economic freedoms of the European Union, can enhance welfare if it leads to better allocation of financial and productive resources. However, it can also be a source of vulnerability, with far-reaching spillovers. Monitoring and assessing capital …Read More

Claessens, Stijn, Kose, Ayhan, Laeven, Luc, Valencia, Fabian, (2014), “Financial Crises: Causes, Consequences, and Policy Responses”, IMF Bookstore,February 2014 Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy lessons learned. The book covers a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on …Read More

Sandbu, Martin, (2015), “Europe’s Orphan: The Future of the Euro and the Politics of Debt”, Princeton University Press, October Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. In Europe’s Orphan, leading economic commentator Martin Sandbu presents a compelling defense of the euro. He argues …Read More