Preventing and Resolving Banking and Sovereign Crises: Toward a New Institutional Framework

Weak European institutions bear some responsibility for the current Eurozone crisis. The paper discusses various alleys for reforming European institutions, such as those in charge of monitoring countries and banks. It then discusses the future of solidarity within the Eurozone, as well as proposed reforms impacting risk sharing. It concludes with steps that might help restore confidence in the European Monetary Union

MoreLess

Year of publication:	2012
Authors:	Tirole, Jean
Published in:	Rivista di Politica Economica. - SIPI Spa, ISSN 0035-6468. - 2012, 3, p. 143-153
Publisher:	SIPI Spa
Subject:	European debt crisis \| golden rules \| banking regulation \| joint liability \| bailouts \| private sector involvment

More details

Type of publication:	Article
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; F34 - International Lending and Debt Problems ; H63 - Debt; Debt Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010584486