The Euro Area Crisis : Need for a Supranational Fiscal Risk Sharing Mechanism? / Davide Furceri, Aleksandra Zdzienicka.
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...
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Full Text (via IMF e-Library) |
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| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Series: | IMF working paper ;
WP/2013/198. |