Euro

Working Papers
Brunnermeier, Markus K., and Ricardo Reis. “A Crash Course on the Euro Crisis”. (Working Papers). Print.Abstract

The financial crises of the last twenty years brought new economic concepts into classrooms discussions. This article introduces undergraduate students and teachers to seven of these models: (i) misallocation of capital inflows, (ii) modern and shadow banks, (iii) strategic complementarities and amplification, (iv) debt contracts and the distinction between solvency and liquidity, (v) the diabolic loop, (vi) regional flights to safety, and (vii) unconventional monetary policy. We apply each of them to provide a full account of the euro crisis of 2010-12.

19-crashcourse.pdf brunnermeierreis-crashcourse-sec2.pptx brunnermeierreis-crashcourse-sec3.pptx brunnermeierreis-crashcourse-sec4.pptx brunnermeierreis-crashcourse-sec5.pptx brunnermeierreis-crashcourse-sec6.pptx brunnermeierreis-crashcourse-sec7.pptx brunnermeierreis-crashcourse-sec8.pptx
2016
The Euro and the Battle of Ideas
Brunnermeier, Markus K, Harold James, and Jean-Pierre Landau. The Euro and the Battle of Ideas. Princeton, NJ, USA: Princeton University Press, 2016. Web. Chapter 1:

Endorsements by Larry Summers (former US Treasury Secretary), Ben Bernanke (former Chairman of the US Fed), Wolfgang Schäuble (German Finance Minister) and Jean Tirole (Nobel Prize Laureate)