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

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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Furceri, Davide
Awduron Eraill: Zdzienicka, Aleksandra
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2013.
Cyfres:IMF Working Papers; Working Paper ; No. 2013/198
Mynediad Ar-lein:Full text available on IMF