Delbecque, B., (2013), “Proposal for a Stabilisation Fund for the EMU”, Centre for European Policy Studies, Working Paper No.385, 14 Οκτωβρίου.
This paper argues that it should be possible to complement Europe’s Economic and Monetary Union with an insurance-type shock absorption mechanism to increase the resilience of member countries to economic shocks and reduce output volatility. Such a mechanism would neither require the establishment of a central authority, nor would it lead to permanent transfers between countries. For this mechanism to become a reality, however, it would be necessary to overcome certain technical problems linked to the difficulty of anticipating correctly the position of an economy in the business cycle.
Σχετικές Αναρτήσεις
- Moro, G. ed., (2013), The Single Currency and European Citizenship: Unveiling the Other Side of The Coin, London: Bloomsbury Academic.
- Fernandes, S. and Maslauskaite, K., (2013), “A social dimension for the EMU: why and how?”, Notre Europe Jacques Delors Institute, Policy Paper 98, Σεπτέμβριος.
- European Commission, (2013), “Report on public finances in EMU”, European Economy, 4/2013, Ιούλιος.