Spis treści

Chapter 1. The types and causes of economic crises

1.1. The concept of crisis

1.2. Causes of crises

1.3. Reasons of crisis in the eurozone

1.4. Methods to combat the economic crisis

Chapter 2. The euro area and theory of ‘optimum currency areas’

2.1. The theory of R. Mundell of currency area

2.2. The McKinnon’s Refinement of Currency Area Theory

2.3. Kenen’s eclectic view on Currency Area

2.4. Grubel’s model of a currency area

2.5. Fiscal and monetary policy in the euro area

2.6. Employment and monetary policy in the euro area

2.7. Optimal size of the euro area

2.8. Benefits and costs of exchange rate policy: Fixed versus flexible regimes

2.9. The euro’ peripheral members as an optimal currency area

Chapter 3. Pro and cons the euro area

3.1. From EMS to EMU

3.2. Transition from European Monetary System to European Monetary Union

3.3. The European System of Central Banks

3.4. The benefits of the euro area

3.5. The costs of the euro area

Chapter 4. The crisis in euro area member’s countries

4.1. The economic crisis in Greece

4.1.1. Foreign aids for Greece

4.1.2. The policy to overcome the crisis in Greece

4.2. The economic crisis in Spain

4.3. The economic crisis in Portugal

4.4. The economic crisis in Ireland

4.5. Methods to combat the economic crisis in Greece, Ireland, Portugal and Spain

4.5.1. Fiscal consolidation

4.5.2. Structural reforms

4.5.3. Banking sector reforms

Chapter 5. The EU anti-crisis policy and future of the euro area

5.1. The euro area economies and global tilt of production and income

5.2. The EU institutional crisis

5.3. The debts crisis in the euro area

5.4. The costs of the EMU insolvent

5.5. Reforms of the euro area

5.6. Coordination of anti-crisis methods

5.7. The tax changes of the EU countries during the crisis

5.8. Perspective of EMU