Sources:
    Edit
    Topics:
      Edit
      Types:
        Edit
        of  34
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?
        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?

        Embed document

        The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?

        ABSTRACT

        The aim of this paper is to assess the effectiveness of risk sharing mechanisms in the euro area and whether a supranational fiscal risk sharing mechanism could insure countries against very severe downturns. Using an unbalanced panel of 15 euro area countries over the period 1979-2010, the results of the paper show that: (i) the effectiveness of risk sharing mechanisms in the euro area is significantly lower than in existing federations (such as the U.S. and Germany) and (ii) it falls sharply in severe downturns just when it is needed most; (iii) a supranational fiscal stabilization mechanism, financed by a relatively small contribution, would be able to fully insure euro area countries against very ....read more

        Edit
        Report copyright violation

        COMMENTS

        DOCUMENT INFO

        • TypeReport
        • PriceFree
        • FormatPDF
        • Size754 KB
        • LanguageEnglish
        • Stacks0
        • Postedalmost 4 years ago
        • Authored-
        • Added byHashdoc Content Review
        Search in: