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

Need for a Supranational Fiscal Risk Sharing Mechanism?

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 of the paper show that: (i) the effectiveness... READ MORE...

Publication date: September 2013
ISBN 9781484334201
$18.00

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