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17 January 2018

“How to reconcile risk sharing and market discipline in the euro area”: Some observations on the new Vox paper

http://voxeu.org/article/how-reconcile-risk-sharing-and-market-discipline-euro-area

The authors set out three sound reasons for believing the binary choice between more risk sharing/better incentives is false. The authors specify six areas for reform and this blog reflects on three of them.

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