What kind of fiscal union?
Abstract
This policy brief argues that the euro area's shortcomings have become abundantly clear. It was set up without powers of strict surveillance over macroeconomic imbalances, crisis management and resolution instruments, or adequate banking supervision and resolution tools. The authors assert that the core reason for these failures is the absence of a fiscal union with corresponding authority over fiscal, structural and banking policies.Download Info
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Paper provided by Bruegel in its series Policy Briefs with number 646.Length:
Date of creation: Nov 2011
Date of revision:
Handle: RePEc:bre:polbrf:646
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Related research
Keywords:This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-13 (All new papers)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Schoenmaker, Dirk & Gros, Daniel, 2012. "A European Deposit Insurance and Resolution Fund," CEPS Papers 6918, Centre for European Policy Studies.
- Schilirò, Daniele, 2012. "The crisis of euro’s governance: institutional aspects and policy issues," MPRA Paper 40861, University Library of Munich, Germany.
- Keuschnigg, Christian, 2012.
"Should Europe Become a Fiscal Union?,"
Economics Working Paper Series
1205, University of St. Gallen, School of Economics and Political Science.
- Christian Keuschnigg, 2012. "Should Europe Become a Fiscal Union?," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 13(1), pages 35-43, 04.
- Jean Pisani-Ferry, 2012. "The Euro crisis and the new impossible trinity," Policy Contributions 674, Bruegel.
- FRANKLIN, Allen & CARLETTI, Elena & SIMONELLI, Saverio, 2012. "Governance for the Eurozone. Integration or disintegration?," Open Access publications from European University Institute urn:hdl:1814/23335, European University Institute.
- Keuschnigg, Christian, 2012. "Welche Finanz- und Wirtschaftspolitik braucht Europa?," Economics Working Paper Series 1201, University of St. Gallen, School of Economics and Political Science.
- Schoenmaker, Dirk & Gros, Daniel, 2012. "A European Deposit Insurance and Resolution Fund - An Update," CEPS Papers 7276, Centre for European Policy Studies.
- Mario Tonveronachi, 2012. "A Proposal for a Growth and Fiscal Compact," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(65-66), pages 77-106, September.
- C. Randall Henning & Martin Kessler, 2012.
"Fiscal Federalism: US History for Architects of Europe's Fiscal Union,"
Working Paper Series
WP12-1, Peterson Institute for International Economics.
- C. Randall Henning & Martin Kessler, 2012. "Fiscal federalism: US history for architects of Europe's fiscal union," Essays and Lectures 669, Bruegel.
- Dai, Meixing & SARFATI, Samuel, 2012.
"Union bancaire européenne permet-elle de sauver l’euro ?
[Can European Banking Union Save the Euro?]," MPRA Paper 43369, University Library of Munich, Germany. - Philip R. Lane, 2012. "The European Sovereign Debt Crisis," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 49-68, Summer.
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