Economists Markus Brunnermeier and Ricardo Reis have published a “crash course” on the euro crisis that they hope will give teachers a better means of explaining the macro-financial roots of recent financial crises.

In the paper, they note that new intellectual frameworks have grown up in response to the crises of recent years, in which problems can develop in the close links between the financial sector and the real economy. While researchers are familiar with the new ideas, they have not yet