Reconciling risk sharing with market discipline: a constructive approach to euro area reform
Subject
Economics
Publishing details
Authors / Editors
Rey H;et al.
Biographies
Publication Year
2018
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.
Available on ECCH
No