search query: @author Fuest, C. / total: 10
reference: 10 / 10
« previous | next »
| Author: | Fuest, C. |
| Title: | Stabile Fiskalpolitische Institutionen fuer die Europaeische Waehrungsunion = Stabile fiscal policy institutions for the European Monetary Union |
| Journal: | Wirtschaftsdienst
1993 : OKT, VOL. 73:10, p. 539-552 |
| Index terms: | EUROPEAN MONETARY SYSTEM FISCAL POLICY EUROPEAN COMMUNITY |
| Language: | ger |
| Abstract: | The Treaty of Maastricht provides for a considerable fiscal policy independence of the member states, although the monetary policy within the Community will be centralized. A question arises necessarily in this context: Are the coordination directives relating to the national debt policies sufficient to enforce a fiscal policy discipline of the member states? The article examines the provisions of the Treaty relating to this problem. It is concluded that the recently proposed combination of the No-Bailout-Clause with the common procedures in case of too high budget deficit could not be considered as a long term stabile institutional solution for the Monetary Union if the fiscal policy is decentralized. |
« previous | next »
SCIMA