Weshalb die Europäische Währungsunion den Stabilitätspakt braucht

Horst Siebert

No 1134, Kiel Working Papers from Kiel Institute for the World Economy

Abstract: The stability pact is intended to bind the hands of national fiscal policy with respect to debt and thus protect the euro as a common currency. To what extent the value of money is stable depends on the solidity of the government’s finances. To weaken the pact will imply a loss of confidence for the euro later on.

JEL-codes: E0 E5 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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