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Übergangslösung handeln kann. Deshalb verfolgt sie ein Konzept für einen permanenten ESM für die Eurozone, der die im Rahmen des … Finanzstabilität in der Eurozone langfristig zu sichern. Ihr Vorschlag besteht konzeptionell aus drei Bestandteilen: ein wirtschafts … der Währungsunion, vor allem die "No-bailout"-Klausel und das Verbot von Finanztransfers, durch den neu zu schaffenden …
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. Der neue Chef des ifo Instituts, Clemens Fuest, und der Ökonom Johannes Becker fesseln die Eurozone an den Mast. Sie …
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This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011431564
This contribution develops a blueprint for a European fiscal union. The proposal addresses the shortcomings of most other reform designs which do not offer a solution for insolvent or noncooperative euro countries. We suggest a design which combines fiscal insurance with an orderly procedure to...
Persistent link: https://www.econbiz.de/10011300749
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A mechanism to restructure the debt of an insolvent euro country is a missing element in the emerging institutional architecture of the euro area. The introduction of an insolvency procedure for sovereigns faces a dilemma: In the foreseeable future, its introduction would risk pushing Europe...
Persistent link: https://www.econbiz.de/10010394484
A mechanism to restructure the debt of an insolvent euro country is a missing element in the emerging institutional architecture of the euro area. The introduction of an insolvency proce-dure for sovereigns faces a dilemma: In the foreseeable future, its introduction would risk pushing Europe...
Persistent link: https://www.econbiz.de/10013048549