Bericht
Weathering the storm. Fair-weather versus stormy-weather governance in the euro area
Jean Pisani-Ferry and André Sapir believe that the euro has proved attractive as a fair-weather currency for countries and investors well beyond its borders. But it still remains to be seen if its governance is strong enough for it to succeed as a stormy-weather currency. The authors already detect, howevever, that the crisis shows the euro-area governance system lacks some crucial properties: speed of reaction, policy discretion and centralised decision-making.
- Language
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Englisch
- Bibliographic citation
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Series: Bruegel Policy Contribution ; No. 2009/03
- Classification
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Wirtschaft
- Subject
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Euro
Europäische Wirtschafts- und Währungsunion
Führungsorganisation
Geldpolitik
Finanzmarktkrise
EU-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Pisani-Ferry, Jean
Sapir, André
- Event
-
Veröffentlichung
- (who)
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Bruegel
- (where)
-
Brussels
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Pisani-Ferry, Jean
- Sapir, André
- Bruegel
Time of origin
- 2009
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No storm, just weather
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The internationalisation path of the renminbi
The missing pieces of the euro architecture
The Euro crisis and the new impossible trinity
International governance. Is the G20 the right forum?
The effort to stabilise the financial system in Japan: An outline and the characteristics of the Programme for Financial Revivial