Lorenzo Bini Smaghi, 08 April 2018

A team of French and German economists recently proposed on this site a series of reforms to strengthen the euro area's institutional framework. This column, which joins VoxEU's Euro Area Reform debate, argues that while the proposals  form a useful basis for discussion, they are nevertheless subject to important shortcomings.

Diego Valiante, 13 March 2016

Financial market integration could help the Eurozone’s functioning by facilitating the absorption of asymmetric shocks via private risk sharing. This column shows that Europe’s capital markets are poorly functioning and are underdeveloped. Governments' and financial institutions' bond issuance are an exception, but their activism is mostly a result of the financial difficulties of recent years. To fix this, a Capital Markets Union should be implemented.

Events

CEPR Policy Research