The Euro trap: on bursting bubbles, budgets, and beliefs

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European Monetary and Fiscal Policies Global Financial Crisis and Policies European Socioeconomic and Political Studies

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Introduction 1. Wish and Reality 2. Bubbles in the Periphery 3. The Other Side of the Coin 4. The Competitiveness Problem 5. The White Knight 6. The European Balance-of-Payments Crisis 7. Current Accounts, Capital Flight, and Target Balances 8. Stumbling Along 9. Rethinking the Eurosystem

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