Beyond Risk Sharing and Risk Reduction

Agnès Benassy-Quere

The Economists' Voice, 2018, vol. 15, issue 1, 4

Abstract: 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.

Keywords: euro area; reform; risk sharing; risk reduction (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1515/ev-2018-0030

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