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The Economists’ Voice

Ed. by Belke, Ansgar / Schnabl, Gunther

CiteScore 2018: 0.07

SCImago Journal Rank (SJR) 2018: 0.109
Source Normalized Impact per Paper (SNIP) 2018: 0.044

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Volume 15, Issue 1


Beyond Risk Sharing and Risk Reduction

Agnès Bénassy-Quéré
Published Online: 2018-11-29 | DOI: https://doi.org/10.1515/ev-2018-0030


The debate on the reform of the euro area has confronted those who prioritize “risk reduction” with those who insist on “risk sharing”. Such antagonism is misleading since both items are complements rather than substitutes. It is also insufficient as it misses the core questions of macroeconomic convergence and of the modernization of the subsidiarity concept.

Keywords: euro area; reform; risk sharing; risk reduction


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About the article

Published Online: 2018-11-29

Citation Information: The Economists’ Voice, Volume 15, Issue 1, 20180030, ISSN (Online) 1553-3832, DOI: https://doi.org/10.1515/ev-2018-0030.

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