This book analyses several aspects on the efficient resource allocation in the aftermath of the global financial crisis and the European sovereign debt crisis. The main focus of the volume is on recent European Union (EU) experience highlighting the interrelation between inherent structural rigidities and practical limitations in the conduct of sound economic policy. Special reference is made to Greece (evidencing unprecedented experience), the EU periphery countries and the US. This book will be of interest to academic and central bank researchers, business practitioners (in consultancy and finance) and graduate students, as it is a good example of how scholarly dialogue can contribute to contemporary high-quality policy debate on sound liquidity provision and financial stability in the Eurozone, as well as the effective ways to combat recession in the EU periphery countries. Ioanna T. Kokores is Assistant Professor at the Department of Economics, University of Piraeus, Greece. She was awarded the academic distinction of "International Atlantic Economic Society Member of the Month - June 2017" (USA) for her contribution to research. Pantelis Pantelidis is Vice Rector οf Administrative, Academic and Student Affairs at the University of Piraeus since 2014 and a Professor of Economics at the Department of Economics, University of Piraeus, Greece Theodore Pelagidis is Deputy Governor of the Bank of Greece and Professor of Economics at the Department of Maritime Studies, University of Piraeus, Greece. He has been a NR Senior Fellow at the Brookings Institution (2012 - 2020), an NBG Fellow at the Hellenic Observatory, LSE (2010), a Fulbright Fellow at Columbia University (2008) and a NATO scholar at the Center for European Studies, Harvard University (1996). Demetrius Yannelis is Professor of Economics and former Head of the Department of Economics (2015-2020), University of Piraeus, Greece. He has served as Member at the Executive Council of the Center of Planning and Economic Research, Greece (2004-2009), and of the Hellenic Competition Committee, Greece (2006-2009).