Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability

Martin Hellwig

No 2007_9, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods from Max Planck Institute for Research on Collective Goods

Abstract: This contribution to the Festschrift for the Centenary of the Swiss National Bank discusses the prospects for monetary stability and financial stability after the creation of the European Monetary Union. Topics covered include the robustness of institutional arrangements and their implications for monetary stability, the implications for a small, nonparticipating country, and the problem of financial stability in a setting in which banking supervision is national and the lender of the last resort is supranational.

Keywords: European Monetary Union; European Central Bank; Monetary Stability; Banking Supervision; Financial Crisis Management (search for similar items in EconPapers)
JEL-codes: E58 F41 G28 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2007-07
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:mpg:wpaper:2007_9

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