Challenges for International Economic Policy Coordination in EMU
What are the risks that the new institutional arrangements put in place in the euro area may generate more unbalanced policies — or make it more difficult to conduct stabilisation policies — than earlier, creating negative international spillovers?
And related to this, does the new framework imply systemic risks for the functioning of international financial markets?
KeywordsMonetary Policy Fiscal Policy Euro Area European Central Bank Banking Supervision
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