Verhelst, Stijn (2018) Semantics matter: Why the European Monetary Fund is a welcome idea, but a bad name. Egmont Commentary, 11 January 2018. [Policy Paper]
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Abstract
The willingness to complete our Economic and Monetary Union has been given much welcome impetus in recent months. One of the key ideas is to transform the existing European Stability Mechanism (ESM), which provides conditional financial assistance to eurozone countries, into what has been labelled a ‘European Monetary Fund’. Some of the proposed reforms to strengthen the ESM can indeed be of benefit for the eurozone, for example by integrating it into the EU’s institutional framework, increasing its crisis-prevention capacities or using it as a backstop for the banking union.
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| Item Type: | Policy Paper |
|---|---|
| Uncontrolled Keywords: | EU economic affairs, Internal EU policies |
| Subjects for non-EU documents: | 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 > Egmont : Royal Institute for International Affairs > Commentaries |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 09 Sep 2019 12:44 |
| Number of Pages: | 4 |
| Last Modified: | 09 Sep 2019 12:44 |
| URI: | http://aei.pitt.edu/id/eprint/97528 |
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