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来源类型 | External Publication |
规范类型 | 其他 |
Reconciling risk sharing with market discipline: A constructive approach to euro area reform | |
Agnès Bénassy-Quéré; Markus K. Brunnermeier; Henrik Enderlein; Emmanuel Farhi; Marcel Fratzscher; Clemens Fuest; Pierre-Olivier Gourinchas; Philippe Martin; Jean Pisani-Ferry; Hélène Rey; Isabel Schnabel; Nicolas Véron; Beatrice Weder di Mauro; Jeromin Zettelmeyer | |
发表日期 | 2018-01-17 |
出版年 | 2018 |
语种 | 英语 |
概述 | This publication, written by a group of independent French and German economists, proposes six reforms which, if delivered as a package, would improve the Eurozone’s financial stability, political cohesion, and potential for delivering prosperity to its citizens, all while addressing the priorities and concerns of participating countries. |
摘要 | This publication was also published by Centre for Economic policy research (CEPR) After nearly a decade of stagnation, the Eurozone is finally experiencing a robust recovery. While this comes as a relief – particularly in countries with high debt and unemployment levels – it is also breeding complacency about the underlying state of the Eurozone. Maintaining the status quo or settling for marginal changes would be a serious mistake, however, because the currency union continues to suffer from critical weaknesses, including financial fragility, suboptimal conditions for long-term growth, and deep economic and political divisions. While these problems have many causes, a poorly designed fiscal and financial architecture is an important contributor to all of them:
The Eurozone’s inability to deal with insolvent countries other than through crisis loans conditioned on harsh fiscal adjustment has fuelled nationalist and populist movements in both debtor and creditor countries. The resulting loss of trust may eventually threaten not just the euro, but the entire European project. Read more on VOX, CEPR’s policy portal |
主题 | European Macroeconomics & Governance |
关键词 | banking union capital markets European governance eurozone governance finance & financial regulation fiscal policy monetary union Sovereign debt |
URL | https://bruegel.org/2018/01/reconciling-risk-sharing-with-market-discipline-a-constructive-approach-to-euro-area-reform/ |
来源智库 | Bruegel (Belgium) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/429682 |
推荐引用方式 GB/T 7714 | Agnès Bénassy-Quéré,Markus K. Brunnermeier,Henrik Enderlein,et al. Reconciling risk sharing with market discipline: A constructive approach to euro area reform. 2018. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
PolicyInsight_91-1.j(74KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | ![]() 浏览 | ||
PolicyInsight_91.pdf(472KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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