Wickens, Mike, (2016), “Avoiding another Eurozone Crisis while avoiding the Five Presidents’ Report: Part II”, Voxeu, 8 Ιουνίου
This second column in a two-part series takes a closer look at the proposals in the Five Presidents’ Report for Fiscal, Banking, and Capital Markets Unions and much closer political integration among Eurozone countries. It goes on to give evidence of the failure of financial markets to price risk correctly prior to the Eurozone Crisis. By pricing risks better, financial markets may be able to provide the discipline required to avoid future crises in the Eurozone without the need for greater political interference in national fiscal policy-making as proposed in the Report.
Σχετικές Αναρτήσεις
- Wickens, Mike, (2016), “Avoiding another Eurozone Crisis while avoiding the Five Presidents’ Report: Part I”, Voxeu, 7 Ιουνίου
- Wickens, Michael R., (2016), “Is there an alternative way to avoid another eurozone crisis to the Five Presidents’ Report?”, CEPR DP11225, Απρίλιος 2016