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Beyond Risk Sharing and Risk Reduction

  • Agnès Bénassy-Quéré EMAIL logo
Published/Copyright: November 29, 2018
The Economists’ Voice
From the journal The Economists’ Voice Volume 15 Issue 1

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

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Published Online: 2018-11-29

©2018 Walter de Gruyter GmbH, Berlin/Boston

Articles in the same Issue

  1. Editorial
  2. The European Monetary Union on a Bumpy Road – Challenges and Solutions for an Uncertain Future
  3. Policy Papers
  4. Core-Periphery Relations in the Eurozone
  5. Monetary Integration, Fiscal Divergence and Current Account Imbalances in Europe
  6. Secular Stagnation, Unemployment Hysteresis and Monetary Policy in EMU: Scratches but Not Scars?
  7. An Evolutionary Path Towards a European Monetary Fund
  8. How to Leave the Eurozone: The Case of Finland
  9. Policy Forum
  10. Solidarity and Responsibility in the Euro Area: Foes or Friends?
  11. The European Central Bank, Italy and the Next Eurozone Crisis
  12. Beyond Risk Sharing and Risk Reduction
  13. How Europe should Overcome the Coming Deadlock
  14. “Strengthen Stability: Further Development of the ESM in a Deepened Monetary Union”
  15. Poland’s Euro Adoption Perspectives
  16. The Fairy Tale of Low Inflation in the Euro Area
  17. On the Accuracy of Estimating the Inflation Rate: Marty Feldstein as Dr. Pangloss
  18. Other Papers
  19. The Unbearable Errorlessness of Global Poverty Estimates
  20. Property Rights on Credit and State Control of Money: The Irrelevance of the Origin of Money
https://doi.org/10.1515/ev-2018-0030
Keywords for this article
euro area; reform; risk sharing; risk reduction

Articles in the same Issue

  1. Editorial
  2. The European Monetary Union on a Bumpy Road – Challenges and Solutions for an Uncertain Future
  3. Policy Papers
  4. Core-Periphery Relations in the Eurozone
  5. Monetary Integration, Fiscal Divergence and Current Account Imbalances in Europe
  6. Secular Stagnation, Unemployment Hysteresis and Monetary Policy in EMU: Scratches but Not Scars?
  7. An Evolutionary Path Towards a European Monetary Fund
  8. How to Leave the Eurozone: The Case of Finland
  9. Policy Forum
  10. Solidarity and Responsibility in the Euro Area: Foes or Friends?
  11. The European Central Bank, Italy and the Next Eurozone Crisis
  12. Beyond Risk Sharing and Risk Reduction
  13. How Europe should Overcome the Coming Deadlock
  14. “Strengthen Stability: Further Development of the ESM in a Deepened Monetary Union”
  15. Poland’s Euro Adoption Perspectives
  16. The Fairy Tale of Low Inflation in the Euro Area
  17. On the Accuracy of Estimating the Inflation Rate: Marty Feldstein as Dr. Pangloss
  18. Other Papers
  19. The Unbearable Errorlessness of Global Poverty Estimates
  20. Property Rights on Credit and State Control of Money: The Irrelevance of the Origin of Money
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