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The Euro Sovereign Debt Crisis and the Built-in Instability of the Euro
This policy paper aims at presenting the key facts related to the Euro sovereign debt crisis that occurred in the interval 2010-2012. It points out some main... -
Financial instability and ECB monetary policy
International audience -
La BCE réagit-elle au prix des actifs financiers ?
We examine empirically whether financial asset prices may be admitted into the ECB interest rate rule. A correctly specified monetary policy rule implying that the ECB... -
European economic governance the Berlin-Washington consensus
This paper argues that the European Union has gone farther than any other country or institution in internalizing the prescriptions of the Washington Consensus....
