Governance of the Euro area: Fiscal union, debt union, fiscal freedom

Over the past three years, as the euro area has struggled with high levels of sovereign debt, it has been gradually developing into a debt union. However, this is not a sustainable arrangement. This article proposes two alternatives to a debt union: a fiscal union and a monetary union with fiscal freedom and evaluates the pros and cons of each approach.

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Year of publication:	2014
Authors:	von Hagen, Jürgen
Published in:	Wirtschaftsdienst. - Heidelberg : Springer, ISSN 1613-978X. - Vol. 94.2014, Sonderheft, p. 23-27
Publisher:	Heidelberg : Springer
Subject:	Schuldenübernahme \| Finanzpolitik \| Geldpolitik \| Governance-Ansatz \| Eurozone

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s10273-014-1646-1 [DOI] 77843348X [GVK] hdl:10419/93242 [Handle]
Classification:	G18 - Government Policy and Regulation ; G28 - Government Policy and Regulation
Source:	EconStor

Persistent link: https://www.econbiz.de/10010333229