What kind of fiscal union?

Resource Information

The work What kind of fiscal union? represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.

Label

What kind of fiscal union?

Creator

• Marzinotto, Benedicta

Contributor

• Bruegel
• Sapir, André
• Wolff, Guntram

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