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We need a European Monetary Fund, but how should it work?

Sapir, Andre, Schoenmaker, Dirk, (2017), “We need a European Monetary Fund, but how should it work?”, Bruegel, 29 May

Many voices are calling for the ESM to be developed into a fully-fledged European Monetary Fund. But what changes would this entail, and how could the new institution be governed? The authors see both need and hope for change.

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