From Convergence to Crisis

In her insightful book, From Convergence to Crisis, author Alison Johnston delves into the complexities of the Eurozone's response to the sovereign debt crisis. Published by Cornell University Press in 2016, this hardback edition spans 277 pages and offers a fresh perspective by shifting the focus from traditional fiscal and financial analyses to the crucial role of labor markets. Johnston's narrative skillfully identifies the varying degrees of impact experienced by different member states, effectively distinguishing the winners from the losers during this tumultuous period. This thought-provoking exploration is essential for anyone seeking to understand the intricate dynamics of the Economic and Monetary Union and its implications for monetary policy in the United States and beyond. Don't miss the opportunity to gain a deeper understanding of the factors that shaped the Eurozone's crisis.