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Euro, The -- How a Common Currency Threatens the Future of Europe

Stiglitz, Joseph E.

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ISBN 10: 039325402X / ISBN 13: 9780393254020
Published by W. W. Norton, New York, 2016
Condition: As New Hardcover
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Eminent, outspoken, Nobel prize winner Joseph Stiglitz's latest book, and very timely it is. He is often right when other experts are not, and hiis views are comprehensible to laymen and economists alike. This is an UNREAD copy in AS NEW condition, first edition, first printing (The book is alredy into later printings), with number line starting with "1." SIGNED by Stiglitz ("Joseph E. Stiglitz") on full title page. Bookseller Inventory # 160905

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Bibliographic Details

Title: Euro, The -- How a Common Currency Threatens...

Publisher: W. W. Norton, New York

Publication Date: 2016

Binding: Hardcover

Book Condition:As New

Dust Jacket Condition: As New

Signed: Signed by Author(s)

Edition: 1st Edition

About this title

Synopsis:

Can Europe prosper without the euro?

In 2010, the 2008 global financial crisis morphed into the “eurocrisis.” It has not abated. The 19 countries of Europe that share the euro currency―the eurozone―have been rocked by economic stagnation and debt crises. Some countries have been in depression for years while the governing powers of the eurozone have careened from emergency to emergency, most notably in Greece.

In The Euro, Nobel Prize–winning economist and best-selling author Joseph E. Stiglitz dismantles the prevailing consensus around what ails Europe, demolishing the champions of austerity while offering a series of plans that can rescue the continent―and the world―from further devastation.

Hailed by its architects as a lever that would bring Europe together and promote prosperity, the euro has done the opposite. As Stiglitz persuasively argues, the crises revealed the shortcomings of the euro. Europe’s stagnation and bleak outlook are a direct result of the fundamental challenges in having a diverse group of countries share a common currency―the euro was flawed at birth, with economic integration outpacing political integration. Stiglitz shows how the current structure promotes divergence rather than convergence. The question then is: Can the euro be saved?

After laying bare the European Central Bank’s misguided inflation-only mandate and explaining how eurozone policies, especially toward the crisis countries, have further exposed the zone’s flawed design, Stiglitz outlines three possible ways forward: fundamental reforms in the structure of the eurozone and the policies imposed on the member countries; a well-managed end to the single-currency euro experiment; or a bold, new system dubbed the “flexible euro.”

With its lessons for globalization in a world economy ever more deeply connected, The Euro is urgent and essential reading.

About the Author:

Joseph E. Stiglitz is a Nobel Prize–winning economist and the best-selling author of The Great Divide, Rewriting the Rules of the American Economy, The Price of Inequality, Freefall: America, Free Markets, and the Sinking of the World Economy, and Globalization and Its Discontents. He is a columnist for the New York Times and Project Syndicate and has written for Vanity Fair, Politico, The Atlantic, and Harper’s. He teaches at Columbia University and lives in New York City.

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