The Role of Surveillance: Lessons from the Euro-Area Crisis

Val Koromzay

Chapter 4 in The Limits of Surveillance and Financial Market Failure, 2014, pp 64-73 from Palgrave Macmillan

Abstract: Abstract André Icard and Leif Pagrotsy in chapters 2 and 3, respectively, start with the same observation — namely, that multilateral surveillance over economic policies by the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD) failed to prevent a build-up of imbalances that led to the global crisis; and the even more rules-based surveillance by the European Commission over European Union (EU) countries failed to forestall a crisis within the euro area. But then their arguments go in radically different directions.

Keywords: European Union; House Price; International Monetary Fund; Euro Area; Public Debt (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47147-5_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137471475

DOI: 10.1057/9781137471475_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().