What kind of fiscal union?

The Resource What kind of fiscal union?
Label
What kind of fiscal union?
Creator
Contributor
Language
eng
Summary
The euro area's shortcomings have become abundantly clear. It was set up without powers of strict surveillance over macroeconomic imbalances, crisis management and resolution instruments, or adequate banking supervision and resolution tools. The core reason for these failures is the absence of a fiscal union with corresponding authority over fiscal, structural and banking policies. Attempts to right these wrongs have been ad hoc and have so far fallen short and moral hazard is prevalent. Financial markets are increasingly aware of these inadequacies, and have started to price in the possibility of the break up of the euro area
Cataloging source
IT-FiEUI
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Bruegel policy briefs
Series volume
2011/06

Context

Context of What kind of fiscal union?

Work of

Structured data from the Bibframe namespace is licensed under the Creative Commons Attribution 4.0 International License by European University Institute Library. Additional terms may apply to data associated with third party namespaces.