Towards a Euro(Pean) Monetary Fund

CEPS Policy Brief No. 202

9 Pages Posted: 14 May 2010

See all articles by Daniel Gros

Daniel Gros

Centre for European Policy Studies, Brussels; CESifo (Center for Economic Studies and Ifo Institute)

Thomas Mayer

Centre for European Policy Studies (CEPS); Deutsche Bank, London

Multiple version iconThere are 2 versions of this paper

Date Written: February 8, 2010

Abstract

The turmoil affecting southern euro area countries (notably Greece) has ushered in the second phase of the financial crisis: that of sovereign default. It is now time to look for a new framework that allows the Union to deal with the failure of one of its members. In this new CEPS Policy Brief, authors Daniel Gros of CEPS and Thomas Mayer of the Deutsche Bank Group argue for the setting up of a European Monetary Fund. One of the tasks of this EMF would be to manage the insolvency of euro area countries in an orderly way.

Keywords: Euro, Greece, Financial Crisis,European Monetary Fund, EMF

Suggested Citation

Gros, Daniel and Mayer, Thomas, Towards a Euro(Pean) Monetary Fund (February 8, 2010). CEPS Policy Brief No. 202. Available at SSRN: https://ssrn.com/abstract=1604446

Daniel Gros (Contact Author)

Centre for European Policy Studies, Brussels ( email )

1 Place du Congres
B-1000 Brussels, 1000
Belgium

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

Thomas Mayer

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres, 1000
Brussels, 1000
Belgium

Deutsche Bank, London ( email )

Winchester House
Great Winchester Street, 1
London EC2N 2DB
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
143
Abstract Views
1,271
rank
30,233
PlumX Metrics