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What kind of governance for the eurozone?

de Grauwe, Paul (2010) What kind of governance for the eurozone? CEPS policy brief, No. 241. Centre for European Policy Studies, Brussels, Belgium.

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Abstract

Much of the discussion about how to impose more convergence among member states of the eurozone has focused on what national governments should do to avoid divergent developments in a number of macroeconomic variables, e.g. competitiveness or current account imbalances. Without denying that national governments bear part of the responsibility, this paper finds that the role of governments has been over-emphasised and that conversely the role of the monetary authorities, in particular the European Central Bank, has been under-emphasised.

Item Type: Monograph (Working Paper)
Official URL: http://www.ceps.eu/
Additional Information: © 2010 Centre for European Policy Studies
Library of Congress subject classification: H Social Sciences > HG Finance
J Political Science > JZ International relations
Journal of Economic Literature Classification System: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy (Targets, Instruments, and Effects)
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies
F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration
H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt; Debt Management
Sets: Departments > European Institute
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: No. 241
Date Deposited: 08 Oct 2012 09:46
URL: http://eprints.lse.ac.uk/46645/

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