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P. Schlosser: Which Design for EMU’s Missing Crisis Management Pillar?

image-11/03/2017 - 11:34November 3, 2017 - This Policy Brief was prepared by the Scientific Coordinator of the Florence School of Banking and Finance at the European University Institute, Pierre Schlosser. In this Policy Brief, Mr. Schlosser discusses the gaps and shortcomings the EMU faces as a result of the lack of institutions and instruments to deal with risk and vulnerabilities that originate in the financial sector. After a comprehensive review of crisis management as it relates to the functioning of the EMU, this paper also explores reforms that could create a stronger backstop going forward. 

To read the full policy brief, click HERE or download the PDF below. 

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Policy Brief_Schlosser.pdf326.45 KB