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What kind of governance for the eurozone? CEPS Policy Brief No. 214/September 2010

De Grauwe, Paul. (2010) What kind of governance for the eurozone? CEPS Policy Brief No. 214/September 2010. [Policy Paper]

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    Abstract

    Much of the discussion about how to impose more convergence among member states of the eurozone has focused on what national governments should do to avoid divergent developments in a number of macroeconomic variables, e.g. competitiveness or current account imbalances. Without denying that national governments bear part of the responsibility, this paper finds that the role of governments has been over-emphasised and that conversely the role of the monetary authorities, in particular the European Central Bank, has been under-emphasised.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > EU institutions & developments > European Central Bank
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 05 Oct 2010
    Page Range: p. 8
    Last Modified: 15 Feb 2011 18:37
    URI: http://aei.pitt.edu/id/eprint/15036

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