Reconciliation and reform: Risk-sharing and market discipline in the Euro Area
Episode 7, Mar 12, 2018, 02:15 PM
Jeromin Zettelmeyer interviewed by Tim Phillips, 12 March 2018
Any reform of the Euro Area's fiscal and financial infrastructure must address the balance between member countries' risk-sharing and their market discipline. In this Vox Talk, Jeromin Zettelmeyer discusses the proposals put forward in a new CEPR Policy Insight, "Reconciling risk sharing with market discipline: A constructive approach to euro area reform", that sets out six reforms to improve financial stability within the Euro Area in a way that addresses the deadlock between members' currently polarised interests.
Any reform of the Euro Area's fiscal and financial infrastructure must address the balance between member countries' risk-sharing and their market discipline. In this Vox Talk, Jeromin Zettelmeyer discusses the proposals put forward in a new CEPR Policy Insight, "Reconciling risk sharing with market discipline: A constructive approach to euro area reform", that sets out six reforms to improve financial stability within the Euro Area in a way that addresses the deadlock between members' currently polarised interests.