Transatlantic Economic Challenges in an ERA of Growing Multipolarity.

Cover -- Contents -- Preface -- Introduction -- I. 2010 Policy Conference, Washington, DC -- Ch 1. Postcrisis EU Governance -- Ch 2. From Convoy to Parting Ways?: Postcrisis Divergence Between European and US Macroeconomic Policies -- Economic Developments -- Monetary Policy -- Fiscal Policy -- Events, Politics, Doctrines, or Institutions? Summary of Findings -- How Transatlantic Divergence Matters -- References -- Ch 3. US Climate Change Policy: Implementing the Copenhagen Accord and Beyond -- Copenhagen Pledges and Abatement Costs -- Prospects for Action in the United States -- Implications for US-EU Cooperation -- Appendix 3A US Regional Climate Initiatives -- Regional Greenhouse Gas Initiative -- Western Climate Initiative -- Midwestern Greenhouse Gas Reduction Accord -- References -- Ch 4. EU Climate Change Policy: Can It Mobilize Innovations for Clean Energy Technologies? -- EU Climate Change Policy Beyond 20 Percent -- Assessing the Current Performance of Private Green Innovations -- Government Intervention for Green Innovations -- A New Momentum for Europe in Clean Energy Technologies? -- Toward a Global Clean Energy Technology Market -- References -- Ch 5. The Transatlantic Relationship in an Era of Growing Economic Multipolarity -- Achievements So Far -- Addressing "Too Big to Fail" -- Conclusion -- Ch 6. Too Big to Fail: The Transatlantic Debate -- Historical Background, Before and During the Crisis -- Structural Differences Between the United States and European Union -- The "Bigness" Debate: Size, Interconnectedness, and Systemic Importance -- The "Failability" Debate: Allowing Banks to Go Under? -- Concluding Remarks -- References -- Ch 7. Reform of the GlobalFinancial Architecture -- Global Financial Systemic Issues Revealed by the Crisis -- The IMF and FSB Today -- Implications for the Global Financial Architecture.

Conclusions and Recommendations -- References -- II. 2011 Policy Conference, Berlin -- Ch 8. Transatlantic Relations and Globalization in Time of Crisis? -- References -- Ch 9. The International Monetary System at a Crossroads: Opportunities and Risks for the Euro -- IMS and the Crisis -- Realistic Options for the Foreseeable Future -- A Key Question: The Role of China -- Opportunities for Europe -- Conclusions -- References -- Ch 10. European Monetary Unification: Precocious or Premature? -- Previous Studies -- A Fresh Look -- Conclusion -- References -- Ch 11. Europe's Growth Emergency -- Why Growth Is So Important -- Developments During the Crisis -- Conclusions -- Appendix 11A: Country Groups -- References -- Ch 12. Challenges to Economic Recovery in the United States and Europe -- Recent Histories of Comparatively Sluggish Economic Growth -- Medium-Term Prospects for the US Economy -- Medium-Term Growth Prospects for Western Europe -- Ch 13. The Euro Area Crisis and Future Global Implications -- Ch 14. The Debt Challenge in Europe -- Debt and Competitiveness: An Overview -- Corporate Debt -- Household Debt -- Policy Options and Conclusions -- Euro Area Policies -- Appendix 14A: Data on Household Indebtedness in Finland, Sweden, and the United Kingdom -- References -- Ch 15. General Government Net Indebtedness: Is There a Role for the Asset Side? -- The New Debt Reality in Europe and the United States -- Transfer of Private "Distressed Assets" to the Public Sector During the Crisis -- Future General Government Consolidation Requirements -- General Government Assets and Potential Privatization Proceeds -- Concluding Remarks -- References -- About the Contributors -- Index.

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