Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Proposal for a Stabilisation Fund for the EMU. CEPS Working Document No. 385, 14 October 2013

Delbecque, Bernard (2013) Proposal for a Stabilisation Fund for the EMU. CEPS Working Document No. 385, 14 October 2013. [Working Paper]

[img]
Preview
 PDF - Published Version
Download (264Kb) | Preview

    Abstract

    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.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Share |
    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Working Documents
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 14 Oct 2013 11:16
    Number of Pages: 15
    Last Modified: 14 Oct 2013 11:16
    URI: http://aei.pitt.edu/id/eprint/44896

    Actions (login required)

    		 View Item

    Document Downloads