Fiscal federalism in monetary unions: hypothetical fiscal transfers within the Euro-zone
Fiscal federalism in monetary unions: hypothetical fiscal transfers within the Euro-zone. The Maastricht Treaty, signed in December 1991, set a timetable for the European Community's economic and monetary union (EMU) and clearly defined the institutional policy changes necessary for its achievement. Subsequent developments have demonstrated, however, the importance of many key issues in the transition to EMU that were largely neglected at the time. This volume reports the proceedings of a joint CEPR conference with the Banco de Portugal, held in January 1992.
Francisco Torres, Francesco Giavazzi.
This volume analyzes the European Community's transition to economic and monetary union (EMU) in the light of the agreements reached at Maastricht last year.
Torres,Francisco & Giavazzi,Francesco (e., 1993
Torres,Francisco & Giavazzi,Francesco (e., 1993. Adjustment and Growth in the European Monetary Union," Cambridge Books, Cambridge University Press, number 9780521440196. Handle: RePEc:cup:cbooks:9780521440196. What is European Economic and Monetary Union Telling us About the Properties of Optimum Currency Areas?," Journal of Common Market Studies, Wiley Blackwell, vol. 43(3), pages 607-635, September. Nauro F. Campos & Jarko Fidrmuc & Iikka Korhonen, 2017.
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Adjustment and Growth in the European Monetary Union, F. Torres and F. Giavazzi (ed. Rebalancing Growth in China: A Three-Handed Approach", China and the World Economics, 14, 4, July-August 2006 (with O. Blanchard).
Adjustment and Growth in the European Monetary Union, F. Cambridge University Press (1993). The European Monetary System, F. Giavazzi, S. Micossi and M. Miller (ed. Cambridge University Press (1988).
Adjustment and Growth in the European Monetary Union. Francisco Torres, Francesco Giavazzi. Скачать (pdf, 1. 5 Mb).
Shocking Aspects of European Monetary Union," in Francisco Torres; Francesco Giavazzi, ed. Adjustment and Growth in the European Monetary Union, Cambridge, MA: Cambridge University Press, 1993, pp. 193–229. Bayoumi, Tamim; Prasad, Eswar. Currency Unions, Economic Fluctuations and Adjustments: Some Empirical Evidence," CEPR Working Paper no. 1172, May 1995. Bini-Smaghi, Lorenzo; Vori, Silvia. " Banca d'Italia, 1992, mimeo. Why a Common Eurozone Bond Isn't Such a Good Idea. The European Union has to tackle high debt levels in vulnerable states which are compounded by a hike in risk premiums on government bonds leading to a debt trap, while designing ways to efficiently finance debt. Furthermore, European solidarity with weaker states should not undermine incentives for individual members to pursue fiscally sustainable policies.
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