||About the Author|Ester Faia holds the Chair in Monetary and Fiscal Policy at Goethe University, Frankfurt am Main, Germany, and is Program Director of the macro-finance area at the Research Center SAFE.
Andreas Hackethal is Professor of Finance at Go
The 2007 to 2009 financial crisis resulted in the re-emergence of the debate on financial regulation and its relationships with other macroeconomic policies, particularly monetary policy. In Europe, the financial crisis was followed by the sovereign debt crisis, as the bail-out of the financial sector put strains on public finances in several countries. The sequence of events called for a strengthening of the union, ranging from a common framework for supervisory policy...
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