THE INSTITUTIONALIZATION OF RISK SHARING IN THE EUROPEAN MONETARY UNION Cover Image
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THE INSTITUTIONALIZATION OF RISK SHARING IN THE EUROPEAN MONETARY UNION
THE INSTITUTIONALIZATION OF RISK SHARING IN THE EUROPEAN MONETARY UNION

Author(s): Gheorghe N. Popescu, Florin Cristian Ciurlău, Cristina Alpopi
Subject(s): Supranational / Global Economy, Law on Economics, EU-Accession / EU-DEvelopment, Financial Markets, EU-Legislation
Published by: Addleton Academic Publishers
Keywords: European monetary union; risk sharing; institutionalization; integration;

Summary/Abstract: We rely on Schelkle (2017) to prove that the financial crisis confirmed the capacity of the monetary route of risk sharing. Monetary integration is a manner of sharing risks between geopolitical organizations. The risks to be distributed via monetary integration are commonly associated with financial imbalance. Between economies, heterogeneity of risks is the most appropriate account, taking place whenever autonomous and less than thoroughly associated risks are shared via supervised markets and/or public entities.

  • Issue Year: 5/2017
  • Issue No: 3
  • Page Range: 89-94
  • Page Count: 6
  • Language: English