The euro crisis : Where do we stand ?
Résumé
The Great Recession sheds lights on several flaws in the architecture of the European Monetary Union (EMU, hereafter). Excessive risk taking in quiet/good times in both the public and private sectors underlines the need to improve risk prevention. Without a doubt, the sharp increase of
financial instability within the eurozone (market failures, insufficient monitoring and enforcement tools, contagion between sovereign indebtedness and bank indebtedness, financial fragmentation) highlight the need to improve crisis resolution mechanisms.
Domaines
Economies et finances
Origine : Fichiers produits par l'(les) auteur(s)