A European mechanism for sovereign debt crisis resolution: a proposal
PISANI-FERRY Jean , SAPIR André , VON HAGEN Jürgen
Description du produit
- Catégories: Affaires Economiques et Financières, Crise Financière
- Editeur: BRUEGEL
- Collection: Bruegel's Blueprints
- ISBN: 9789078910183
- Date de publication: 09/11/2010
- Reliure : Broché
- Nombre de page : 38
- Langue: Anglais
Résumé
This Bruegel Blueprint argues that Europe should take the lead in defining a solution to the problem of excessive public debts and create a European Crisis Resolution Mechanism (ECRM).The authors, Francois Gianviti, Anne O. Krueger, Jean Pisani-Ferry, André Sapir and Jürgen von Hagen, present the rationale for such a mechanism in the euro area and details of how an ECRM would work. The ECRM would be a permanent tool to deal with sovereign debt crises in an effective and predictable way.