Reconciling risk sharing with market discipline

Bénassy-Quéré, Agnès; Brunnermeier, Markus K.; Enderlein, Henrik; Farhi, Emmanuel; Fratzscher, Marcel; Fuest, Clemens; Gourinchas, Pierre-Olivier; Martin, Philippe; Pisani, Florence; Rey, Hélène; Véron, Nicolas; Weder di Mauro, Beatrice und Zettelmeyer, Jeromin (Januar 2018): Reconciling risk sharing with market discipline. A constructive approach to euro area reform. : Centre for Economic Policy Research.

Abstract

The euro area continues to suffer from critical weaknesses that are the result of a poorly designed fiscal and financial architecture, but its members are divided on how to address the problems. This paper proposes six reforms which, if delivered as a package, would improve the euro area?s financial stability, political cohesion, and potential for delivering prosperity to its citizens, all while addressing the priorities and concerns of participating countries.

• Dokumententyp: Monographie
• Fakultät: Volkswirtschaft > Lehrstühle > Lehrstuhl für Nationalökonomie
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• Sprache: Englisch