Euro-area reforms: Challenges and policies [What Think Tanks are thinking]

Written by Marcin Grajewski,

Reforms to the system of governance of the euro area, launched in the wake of the 2008-09 financial crisis, have included, inter alia, the creation of authorities to better supervise the financial markets, improved mechanisms to coordinate fiscal policies, and procedures to correct economic imbalances. While the drive to overhaul the euro-zone’s economic rulebook has slackened as the improving growth outlook has eased threats to the overall stability of the area, deeper integration of the euro area still features high among EU reform proposals presented by European Commission President Jean-Claude Juncker in a white paper earlier this month.

This notes offers links to commentaries, studies and reports on the topic from major international think tanks and research institutes on euro areas reform. Earlier publications on the subject can be found in a previous edition of ‘What Think Tanks are Thinking.’

Better economic governance: What, why and how?
European Political Strategy Centre, March 2017

An effective global partner: External representation of the euro area
European Political Strategy Centre, March 2017

A propos du monde imaginaire de ceux qui prônent une sortie de l’euro
Institut Montaigne, March 2017

Fundamental uncertainty and unconventional monetary policy: An info-gap approach
Bruegel, February 2017

Brexit and the European financial system
Bruegel, February 2017

Eurozone proposals will be Rome party pooper
Friends of Europe, February 2017

A public investment stimulus in surplus countries and its spillovers in the EA
National Institute for Economic and Social Research, February 2017

Reforming Economic and Monetary Union: Legislation and treaty change
Bertelsmann Stiftung, Jacques Delors Institute Berlin, January 2017

Management and resolution of banking crises: Lessons from recent European experience
Peterson Institute for International Economics, January 2017

European fiscal union: Economic rationale and design challenges
Centre for European Policy Studies, January 2017

How to make sense of the structural reform lists for the euro area
Jacques Delors Institute Berlin, January 2017

The inflation targeting debate
Deutsches Institut für Wirtschaftsforschung, January 2017

Europe 2017: Make it or break it?
LUISS School for European Political Economy, January 2017

A European finance minister with budget autonomy?: Need for reforms of the eurozone and their potential, given public opinion in Europe
Bertelsmann Stiftung, December 2016

Will better insolvency standards help Europe’s debt deleveraging?
Bruegel, January 2017

Breaking with dogmas can pull the euro area out of the slump
Confrontations Europe, January 2017

Die Zukunft der Europäischen Währungsunion: Ist mehr fiskalische Integration unverzichtbar?
Institut der deutschen Wirtschaft Köln, December 2016

Money supply and inflation in Europe: Is there still a connection?
Leibniz-Informationszentrum, WirtschaftInstitut der deutschen Wirtschaft Köln, December 2016

Exploring sectoral conflicts of interest in the eurozone: A structural political economy approach
Wiener Institut für Internationale Wirtschaftsvergleiche, December 2016

EU economic governance: Guide to the main elements
Institute of International and European Affairs, December 2016

Für eine kooperative Strategie in der Eurozone: zentrifugale Kräfte bekämpfen
Deutsche Gesellschaft für Auswärtige Politik, December 2016

The impact of the legal and operational structures of euro-area banks on their resolvability
Bruegel, December 2016

Harmonising insolvency laws in the euro area: Rationale, stocktaking and challenges
Centre for European Policy Studies, December 2016

European insurance union and how to get there
Bruegel, December 2016

Can Trump save the euro?
Bruegel, December 2016

The 2016 Euro Plus Monitor: Coping with the backlash
Lisbon Council for Economic Competitiveness and Social Renewal, December 2016

Der verspätete Aktivismus der EZB: Zwischen Hoffnung und Verzweiflung
Friedrich Ebert Stiftung, December 2016

Financial market fragmentation in the euro area: State of play
Jacques Delors Institute Berlin, November 2016

Structural policies for growth and jobs best practices, benchmarking and the role of the Eurogroup
Jacques Delors Institute Berlin, November 2016

Does the eurozone need a parliament?
Jacques Delors Institute Berlin, November 2016

Towards a positive euro area fiscal stance
European Political Strategy Centre, November 2016

Strengthening the European financial system: The role of regulation, architecture and the financial industry
Istituto Affari Internazionali, November 2016

EU deposit guarantee scheme in the European Parliament: some progress, need for improvement
Centrum für Europäische Politik, November 2016

Gender equality and EU economic governance: New opportunities?
Friedrich Ebert Stiftung, November 2016

Did fiscal consolidation cause the double-dip recession in the euro area?
Wiener Institut für Internationale Wirtschaftsvergleiche, October 2016

The euro area crisis: A short history
Bertelsmann Stiftung, Jacques Delors Institute – Berlin, September 2016

Divergence des prix relatifs: Une maladie européenne?
Centre d’études prospectives et d’informations internationales, September 2016

Revitalizing money demand in the euro area: Still valid at the zero lower bound
Deutsches Institut für Wirtschaftsforschung, September 2016

What are the prerequisites for a euro-area fiscal capacity?
Bruegel, September 2016

Ultra-low or negative yields on euro area long-term bonds: Causes and implications for monetary policy
Centre for European Policy Studies, September 2016

Assessing the euro area’s shock-absorption capacity: Risk-sharing, consumption smoothing and fiscal policy
Centre for European Policy Studies, September 2016

Monetary policy and prudential regulation in Europe
Fundación para el análisis y los estudios sociales, September 2016