Reconciling risk sharing with market discipline: A constructive approach to euro area reform

Benassy-Quere, A, Brunnermeier, M, Enderlein, H, Farhi, E, Fuest, C, Gourinchas, P-O, Martin, P, Pisani-Ferry, J, Rey, H, Schnabel, I, Veron, N, Weder di Mauro, B and Zettelmeyer, J (2018) Reconciling risk sharing with market discipline: A constructive approach to euro area reform. Discussion Paper. Centre for Economic Policy Research. OPEN ACCESS

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.

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Item Type: Monograph (Discussion Paper)
Subject Areas: Economics
Date Deposited: 16 Dec 2019 19:28
Date of first compliant deposit: 16 Dec 2019
Last Modified: 09 Jun 2021 19:05
URI: https://lbsresearch.london.edu/id/eprint/1308
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