Publication
Nov 2012
This briefing paper is exploring solutions to the European sovereign debt crisis. It argues that the architects of the single currency did not consider the impact of capital market integration on the banking sector or on the relationship between banks and national governments. The paper suggests that the creation of a banking union is part of the solution. However, the euro zone also needs a common ‘risk-free’ asset to use as a safe haven in times of crisis.
Download |
English (PDF, 9 pages, 1.0 MB) |
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Author | Erik Jones |
Series | FIIA (UPI) Briefing Papers |
Issue | 117 |
Publisher | Finnish Institute of International Affairs (FIIA) |
Copyright | © 2012 Finnish Institute of International Affairs (FIIA) |