Macroeconomic stability of the euro area: Fiscal policy and risk-sharing mechanisms as stabilization tools for the Eurozone
Levoisin, Laura
Promoteur(s) : Artige, Lionel
Date de soutenance : 21-aoû-2017 • URL permanente : http://hdl.handle.net/2268.2/3602
Détails
Titre : | Macroeconomic stability of the euro area: Fiscal policy and risk-sharing mechanisms as stabilization tools for the Eurozone |
Auteur : | Levoisin, Laura |
Date de soutenance : | 21-aoû-2017 |
Promoteur(s) : | Artige, Lionel |
Membre(s) du jury : | Burghof, Hans-Peter
Lejeune, Thomas |
Langue : | Anglais |
Nombre de pages : | 66 |
Mots-clés : | [en] Macroeconomic instability [en] Eurozone [en] Imbalances [en] Fiscal and monetary policy [en] Risk-sharing [en] Euro area budget [en] Unemployment insurance scheme |
Discipline(s) : | Sciences économiques & de gestion > Macroéconomie & économie monétaire Sciences économiques & de gestion > Economie internationale |
Institution(s) : | Université de Liège, Liège, Belgique |
Diplôme : | Master en sciences économiques,orientation générale, à finalité spécialisée en Economics and Finance |
Faculté : | Mémoires de la HEC-Ecole de gestion de l'Université de Liège |
Résumé
[en] The first aim of the Eurozone creation was to guarantee the stability, the convergence and the co-operation of the member states. However, important divergences occurred between the core and the periphery countries. Nations are currently facing macroeconomic instability and imbalances. It becomes crucial to devise measures to help the monetary union. In the absence of a variable exchange rate system and an independent monetary policy, the solution would be to implement risk-sharing mechanisms. A budget centralized at the euro area level and a common unemployment insurance scheme are good candidates and would work as stabilization tools. Decision makers must take their responsibilities and collaborate. It is a matter of the survival of the euro area.
Fichier(s)
Document(s)
Description:
Taille: 1.27 MB
Format: Adobe PDF
Citer ce mémoire
L'Université de Liège ne garantit pas la qualité scientifique de ces travaux d'étudiants ni l'exactitude de l'ensemble des informations qu'ils contiennent.