TY  - BOOK
AU  - Kempf,Hubert
TI  - Is a Fiscal Union Necessary in Europe?
PY  - 2013///.
							
N1  - 84
N2  - The current difficulties of the Eurozone reopen the debate around its governance and the necessity of a fiscal union, that is, a set of collective fiscal laws in Europe. In this paper, we clarify that the European Union is already a fiscal union. We establish a simple typology of fiscal unions and we emphasize a crucial dilemma between idiosyncratic shocks and opportunistic behavior. We analyze the main shortcomings of the current European monetary construction and we offer five fundamental principles upon which a sound fiscal union can be established in Europe, ensuring the viability of the Euro.JEL Classification JEL: E61, F33, F42, H77
UR  - https://shs.cairn.info/journal-revue-economique-2013-3-page-379?lang=en&redirect-ssocas=7080
ER  -