Beyond Risk Sharing and Risk Reduction

被引:0
|
作者
Benassy-Quere, Agnes [1 ]
机构
[1] Univ Paris 1 Pantheon Sorbonne, Paris Sch Econ, Paris, France
来源
ECONOMISTS VOICE | 2018年 / 15卷 / 01期
关键词
euro area; reform; risk sharing; risk reduction;
D O I
10.1515/ev-2018-0030
中图分类号
F [经济];
学科分类号
02 ;
摘要
The debate on the reform of the euro area has confronted those who prioritize "risk reduction" with those who insist on "risk sharing". Such antagonism is misleading since both items are complements rather than substitutes. It is also insufficient as it misses the core questions of macroeconomic convergence and of the modernization of the subsidiarity concept.
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页数:4
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