Read More: Asset Prices, Macroprudential, Credit, Monetary Policy, Financial Crisis, Cross Border, Bubble, Externality, Leverage, Macroeconomics, Capital, Risk, World News
If the global financial crisis -- and the events that led up to it -- have taught us anything, it is, "No complacency with asset price booms." We know firsthand the dire consequences of bubbles.
The forces of financial and economic fragmentation have widened the divide between countries at the core and the "periphery" of the euro zone. Can this process of fragmentation be reversed?