Bericht
The Kiel policy package to address the crisis in the euro area
The European Union at the crossroads - Thirteen years after its foundation, the European Monetary Union (EMU) is facing the greatest challenge of its history thus far. High unemployment in a number of member countries, the need for substantial consolidation of the budgets of numerous governments, and distressed banks are symptoms of economic misalignments and economic policy failure that threaten not only economic prosperity in Europe, but the European project as a whole. A series of interrelated fiscal and financial crises in the euro area have provoked a series of extraordinary policy measures. Some of these measures have undermined the fiscal sovereignty of affected countries, and they have circumvented market mechanisms. As social cohesion is called into question in various debtor countries, there is a danger that policy makers cannot or will not solve the existing problems in a way consistent with both monetary stability and the current political integration. In the absence of a comprehensive European financial policy regime, the Eurosystem's ability to maintain both price stability and financial stability is threatening to become undermined (see Box 1). Possible outcomes include the chaotic dissolution of the EMU, with unpredictable economic and social consequences. The purpose of this Policy Brief is to outline a set of mechanisms to ensure economic, financial, social and political stability.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Policy Brief ; No. 58a
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Snower, Dennis J.
Boysen-Hogrefe, Jens
Gern, Klaus-Jürgen
Klodt, Henning
Kooths, Stefan
Laaser, Claus-Friedrich
Reicher, Christopher
van Roye, Björn
Scheide, Joachim
Schrader, Klaus
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Snower, Dennis J.
- Boysen-Hogrefe, Jens
- Gern, Klaus-Jürgen
- Klodt, Henning
- Kooths, Stefan
- Laaser, Claus-Friedrich
- Reicher, Christopher
- van Roye, Björn
- Scheide, Joachim
- Schrader, Klaus
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2013
Ähnliche Objekte (12)
Kieler Krisen-Kompass: Ein Gesamtpaket zur Überwindung der Krise im Euroraum
Experimentelle und theoretische Untersuchungen zur Entwicklung und Anwendung von Hydraulikdichtungen
Der Fachkräftemangel in Schleswig-Holstein: Entwicklungen und Perspektiven
[Book Review of] Spulber, Nicolas : Restructuring the Soviet economy: in search of the marke, Ann Arbor, Univ. of Michigan Press, 1991
After the Change of Times: Less Russia in German Foreign Trade
[Book Review of] Fransman, Martin : The market and beyond: cooperation and competition in information technology development in the Japanese system, Cambridge, Cambridge Univ. Press, 1990
[Book Review of] Katsoulacos, Yannis S. : The employment effect of technical change: a theoret. study of new technology and the labour market, Brighton, Wheatsheaf Books, 1986
[Book Review of] Dunning, John H. : The world's largest industrial enterprises 1962 - 1983, Aldershot, Gower, 1985
The G20 at a crossroads: The future of global governance
Toward global paradigm change: Beyond the crisis of the liberal world order
Toward global paradigm change: Beyond the crisis of the liberal world order
Rethinking the Theoretical Foundation of Economics II: Core Themes of the Multilevel Paradigm
Kieler Krisen-Kompass: Ein Gesamtpaket zur Überwindung der Krise im Euroraum
Experimentelle und theoretische Untersuchungen zur Entwicklung und Anwendung von Hydraulikdichtungen
Der Fachkräftemangel in Schleswig-Holstein: Entwicklungen und Perspektiven
[Book Review of] Spulber, Nicolas : Restructuring the Soviet economy: in search of the marke, Ann Arbor, Univ. of Michigan Press, 1991
After the Change of Times: Less Russia in German Foreign Trade
[Book Review of] Fransman, Martin : The market and beyond: cooperation and competition in information technology development in the Japanese system, Cambridge, Cambridge Univ. Press, 1990
[Book Review of] Katsoulacos, Yannis S. : The employment effect of technical change: a theoret. study of new technology and the labour market, Brighton, Wheatsheaf Books, 1986
[Book Review of] Dunning, John H. : The world's largest industrial enterprises 1962 - 1983, Aldershot, Gower, 1985
The G20 at a crossroads: The future of global governance
Toward global paradigm change: Beyond the crisis of the liberal world order
Toward global paradigm change: Beyond the crisis of the liberal world order
Rethinking the Theoretical Foundation of Economics II: Core Themes of the Multilevel Paradigm
Kieler Krisen-Kompass: Ein Gesamtpaket zur Überwindung der Krise im Euroraum
Experimentelle und theoretische Untersuchungen zur Entwicklung und Anwendung von Hydraulikdichtungen
Der Fachkräftemangel in Schleswig-Holstein: Entwicklungen und Perspektiven
[Book Review of] Spulber, Nicolas : Restructuring the Soviet economy: in search of the marke, Ann Arbor, Univ. of Michigan Press, 1991
After the Change of Times: Less Russia in German Foreign Trade
[Book Review of] Fransman, Martin : The market and beyond: cooperation and competition in information technology development in the Japanese system, Cambridge, Cambridge Univ. Press, 1990
[Book Review of] Katsoulacos, Yannis S. : The employment effect of technical change: a theoret. study of new technology and the labour market, Brighton, Wheatsheaf Books, 1986
[Book Review of] Dunning, John H. : The world's largest industrial enterprises 1962 - 1983, Aldershot, Gower, 1985
The G20 at a crossroads: The future of global governance
Toward global paradigm change: Beyond the crisis of the liberal world order
Toward global paradigm change: Beyond the crisis of the liberal world order