The time is right for a European Monetary Fund

André Sapir, Dirk Schoenmaker.

Two of the banking union’s pillars – common European supervision by the European Central Bank and common European resolution by the Single Resolution Fund – are up and running. But the third, common European deposit insurance, is still missing. The authors propose to design the EMF as part of a broader risk-sharing and market-discipline agenda.

Πηγή: Bruegel

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