Leader00788nam a22002415i 4500
008171220s2017 nyu 000 0 eng
010 a: 2017951553
020 a: 9783319622224
035 a: (DLC) 19867482
040 a: DLCd: LBb: enge: rdac: DLC
0410#a: eng
042 a: pcc
080##a: 339.92
1000#a: Demetriades, Panicos
24502a: A Diary of the Euro Crisis in Cyprusb: Lessons for Bank Recovery and Resolution
260##a: United Kingdomb: Palgravec: 2017
300 a: 215 p.
650#0a: Euro
996##a: BA


Location Address Count Shelf Status
Bibliotēka 01.2 1 339.92 On a shelf Available to order


This book tells the story of the euro crisis in Cyprus from the inside. Written by the former Governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during this turbulent period, this book shows how the crisis unravelled through a series of key events that occurred during his tenure. Written in chronological order, and broadly based on the author’s personal diary, starting from his first day in office, this volume brings together economics, banking, regulation, governance, history, politics and international relations. Presenting personal witness statements, including records of noteworthy telephone conversations, informal meetings and other milestones, it examines crucial questions like: How did Cyprus become so systemically important to the rest of the euro area? Why was Cyprus treated so differently in comparison to other peripheral countries in Europe? Why were bank depositors targeted? What role did Cyprus’ links with Russia play in the design of the programme? What has been the toxic fallout from the bail-in? Are there any longer-term implications for the euro? What are the lessons for regulators around the world? The book will appeal to readers interested in financial crises, the euro’s architecture, the evolution of the European Monetary Union, and those with an interest in how Europe and the IMF dealt with crises in peripheral European countries.

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