Governance of the Euro Area: Fiscal Union, Debt Union, Fiscal Freedom
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. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014
Year of publication: |
2014
|
---|---|
Authors: | Hagen, Jürgen |
Published in: |
Wirtschaftsdienst. - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft (ZBW). - Vol. 94.2014, 1, p. 23-27
|
Publisher: |
Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft (ZBW) |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Hagen, Jürgen, (2007)
-
Exchange rate determination: a theory of the decisive role of central bank cooperation and conflict
Pope, Robin, (2012)
-
Papers in Honor of Patrick Minford
Hagen, Jürgen, (2014)
- More ...