Showing 1 - 3 of 3
The European sovereign debt crisis has revealed severe flaws in the design of the internal market. Both, private and … in the Euro Area has not been accompanied by the transfer of authority to supervise and restructure banks which has, in … complement to other elements of the internal market. In an integrated capital market, banking distress in one country can have …
Persistent link: https://www.econbiz.de/10009751342
Die europäische Schuldenkrise hat zentrale Defizite des Binnenmarkts offengelegt. Regulatorische Defizite haben Anreize geschaffen, eine zu hohe Verschuldung einzugehen. Zwar wurde eine einheitliche Geldpolitik verfolgt, gleichzeitig aber die Kompetenzen für die Aufsicht und Restrukturierung...
Persistent link: https://www.econbiz.de/10009751343
Current developments in Greece make clear that the rules of the European Stability and Growth Pact (SGP) were neither strict enough nor enforced strictly enough. To deal with the ongoing fiscal exit and its related phenomena of crisis, we propose a new framework for fiscal policy consolidation...
Persistent link: https://www.econbiz.de/10009751385