Add to ORKGThe 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
While a fully fledged fiscal union exists in the US, no similar entity has been developed in the eu...
The European monetary union (EMU) is a largely incom - plete currency union. The Euro founding ...
The solution to the so-called European debt crisis, without default or exit from the Euro
The euro area's shortcomings have become abundantly clear. It was set up without powers of strict su...
POLICY CHALLENGE We propose limited fiscal union, including the creation of a euro-area finance mini...
In this Policy Contribution, Maria Demertzsis and Guntram B. Wolff discuss three progressive steps f...
The search for solutions to the euro crisis is based on a partial diagnosis that overemphasises the ...
The goal of this work is an assessment of the hypothesis whether the fiscal union in euro area can c...
At the current level of political and societal integration, a large federal budget is unrealistic in...
Systemic banking crises are a threat to all countries whatever their development level. They can ent...
Europe has responded to the crisis with strengthened budgetary and macroeconomic surveillance, the c...
In a monetary union, national fiscal deficits are of limited help to counteract deep recessions; uni...
The dramatic negotiations with Greece in the past few months have been a telling reminder of the wea...
The euro area’s political contract requires member nations to rely principally on their own resource...
The aftermath of the financial crisis and following debt crisis that the European Monetary Union fac...
While a fully fledged fiscal union exists in the US, no similar entity has been developed in the eu...
The European monetary union (EMU) is a largely incom - plete currency union. The Euro founding ...
The solution to the so-called European debt crisis, without default or exit from the Euro
The euro area's shortcomings have become abundantly clear. It was set up without powers of strict su...
POLICY CHALLENGE We propose limited fiscal union, including the creation of a euro-area finance mini...
In this Policy Contribution, Maria Demertzsis and Guntram B. Wolff discuss three progressive steps f...
The search for solutions to the euro crisis is based on a partial diagnosis that overemphasises the ...
The goal of this work is an assessment of the hypothesis whether the fiscal union in euro area can c...
At the current level of political and societal integration, a large federal budget is unrealistic in...
Systemic banking crises are a threat to all countries whatever their development level. They can ent...
Europe has responded to the crisis with strengthened budgetary and macroeconomic surveillance, the c...
In a monetary union, national fiscal deficits are of limited help to counteract deep recessions; uni...
The dramatic negotiations with Greece in the past few months have been a telling reminder of the wea...
The euro area’s political contract requires member nations to rely principally on their own resource...
The aftermath of the financial crisis and following debt crisis that the European Monetary Union fac...
While a fully fledged fiscal union exists in the US, no similar entity has been developed in the eu...
The European monetary union (EMU) is a largely incom - plete currency union. The Euro founding ...
The solution to the so-called European debt crisis, without default or exit from the Euro