Jump to ContentJump to Main Navigation
Show Summary Details
More options …

The Economists’ Voice

Ed. by Belke, Ansgar / Schnabl, Gunther

1 Issue per year


CiteScore 2017: 0.15

SCImago Journal Rank (SJR) 2017: 0.104
Source Normalized Impact per Paper (SNIP) 2017: 0.105

Online
ISSN
1553-3832
See all formats and pricing
More options …
Ahead of print

Issues

Beyond Risk Sharing and Risk Reduction

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

Abstract

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

References

  • Alcidi, C., and D. Gros. 2015. “Economic Policy Coordination in the Euro Area under the European Semester.” CEPS special report No. 123, December.Google Scholar

  • Bénassy-Quéré, A. 2015. “Economic Policy Coordination in the Euro Area under the European Semester.” In-depth analysis, Report for the Economic and Monetary Affairs Committee of the European Parliament, November.Google Scholar

  • Bénassy-Quéré, A. 2018. “Le macro-prudentiel, un élément de plus dans l’arsenal de la politique macroéconomique de la zone euro.” Annales des Mines, August.Google Scholar

  • Bini Smaghi, L. 2018. “A Stronger Euro Through Stronger Institutions.” Contribution to the Vox euro debate, 9 April.Google Scholar

  • Bini-Smaghi, L., and M. Marcussen. 2018. “Delivering a Safe Asset for the Euro Area: A Proposal for a Purple Bond Transition.” Contribution to the Vox euro debate, 18 July.Google Scholar

  • Cernat, L., and F. Mustilli. 2017. “Trade and Labor Adjustment in Europe: What Role for the Globalization Adjustment Fund?” European Commission DG Trade, Chief Economic Note 2, May.Google Scholar

  • Darvas, L., and A. Leandro. 2015. “The Limitations of Policy Coordination in the Euro Area under the European Semester.” Bruegel policy contribution, 12 November.Google Scholar

  • De Grauwe, Paul, and Yuemei Ji. Financial engineering will not stabilise an unstable euro area. VoxEU 2018. 19 March 2018.Google Scholar

  • Feld, L., I. Schnabel, C. Schmidt, and W. Wieland. 2016. “Maastricht 2.0: Safeguarding the Future of the Eurozone.” Voxeu, February 12.Google Scholar

  • French and German economists. 2018. “Reconciling Risk Sharing with Market Discipline: A Constructive Approach to Euro Area Reform.” CEPR Policy Insight No91, January.Google Scholar

  • Merler, S. 2018. “The Meseberg Declaration and Euro-Zone Reform.” Bruegel blog post, June 25.Google Scholar

  • Tabellini, G. 2018. “Risk Sharing and Market Discipline: What is the Right Mix.” Contribution to the Vox euro debate, 16 July.Google Scholar

About the article

Published Online: 2018-11-29


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

Export Citation

©2018 Walter de Gruyter GmbH, Berlin/Boston.Get Permission

Comments (0)

Please log in or register to comment.
Log in