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.
FinTech, Low Interest Rate, Euro, Productivity J curve, at Swiss International Finance Forum, Bern, Tuesday, June 20, 2017:
The Euro and the Battle of Ideas, at Amsterdam, Tuesday, November 22, 2016:
A Crash Course on the Euro Crisis”. (Working Papers). Print.Abstract. “