At the start of the EMU, concerns about fiscal and monetary stability dominated the academic debate. In contrast, financial stability issues were largely overlooked. Since then, more attention has been paid to the implications of the EMU for financial regulation and supervision and to the drawbacks of government involvement in the domestic financial sector, both as owner and as debtor. This paper reassesses these issues and draws the following conclusions. Firstly, little progress has been made in centralizing financial supervision in the Eurozone. Secondly, with the exception of Germany, all Eurozone countries have made substantial progress in reducing state ownership in their banking systems. Thirdly, limited progress has been made in the...
Abstract: The past few months have exposed serious problems in relation to Europe’s ability to cope ...
After its first thorough revision in 2005, the Stability & Growth Pact (SGP) has recently been trans...
With the completion of the single European market and the full liberalization of capital markets two...
Financial stability inside the European Monetary Union (EMU) is a trendy topic in most developed cou...
The paper gives an overview over issues concerning the role of financial stability in monetary polic...
This paper argues monetary union stability requires a government banker that manages the bond market...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
helpful comments. Views expressed are those of the author and not necessarily those of the instituti...
In this chapter, we argue that the concern for financial stability led to a drastic change in Europe...
The paper gives an overview over issues concerning the role of financial stability in monetary polic...
Regional systems of governance may resolve some of the dilemmas of global financial integration, and...
Regional systems of governance may resolve some of the dilemmas of global financial integration, and...
This paper focuses on the roots of strain in the European Monetary Union (EMU). It argues that there...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
Regional systems of governance may resolve some of the dilemmas of global financial integration, and...
Abstract: The past few months have exposed serious problems in relation to Europe’s ability to cope ...
After its first thorough revision in 2005, the Stability & Growth Pact (SGP) has recently been trans...
With the completion of the single European market and the full liberalization of capital markets two...
Financial stability inside the European Monetary Union (EMU) is a trendy topic in most developed cou...
The paper gives an overview over issues concerning the role of financial stability in monetary polic...
This paper argues monetary union stability requires a government banker that manages the bond market...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
helpful comments. Views expressed are those of the author and not necessarily those of the instituti...
In this chapter, we argue that the concern for financial stability led to a drastic change in Europe...
The paper gives an overview over issues concerning the role of financial stability in monetary polic...
Regional systems of governance may resolve some of the dilemmas of global financial integration, and...
Regional systems of governance may resolve some of the dilemmas of global financial integration, and...
This paper focuses on the roots of strain in the European Monetary Union (EMU). It argues that there...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
Regional systems of governance may resolve some of the dilemmas of global financial integration, and...
Abstract: The past few months have exposed serious problems in relation to Europe’s ability to cope ...
After its first thorough revision in 2005, the Stability & Growth Pact (SGP) has recently been trans...
With the completion of the single European market and the full liberalization of capital markets two...