Governance of the euro area : fiscal union, debt union, fiscal freedom

Jürgen von Hagen

Over the past three years, as the euro area has struggled with high levels of sovereign debt, it has been gradually developing into a debt union. However, this is not a sustainable arrangement. This article proposes two alternatives to a debt union: a fiscal union and a monetary union with fiscal freedom and evaluates the pros and cons of each approach.

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Year of publication:	2014
Authors:	Hagen, Jürgen von
Published in:	Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik. - Hamburg : ZBW, ZDB-ID 2673123-X. - Vol. 94.2014, Supplement 1, p. 23-27
Subject:	Schuldenübernahme \| Bailout \| Finanzpolitik \| Fiscal policy \| Geldpolitik \| Monetary policy \| Governance-Ansatz \| Governance approach \| Eurozone \| Euro area

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	10.1007/s10273-014-1646-1 [DOI] hdl:10419/93242 [Handle]
Classification:	G18 - Government Policy and Regulation ; G28 - Government Policy and Regulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010241347