The workshop will explore four main themes: - The role and design of common European fiscal instruments; - The relative roles of market discipline and fiscal rules in incentivizing good fiscal policy; - The aims and design of European fiscal rules. - The role of national independent fiscal...

The reform process triggered by the recent financial crisis is gradually making progress. Advances are underway in the area of banking regulation, accounting standards, and market infrastructure (e.g. clearing houses for derivatives, etc.). A new framework for macroprudential policy is also...