External Representation of the Euro Area
This study outlines concrete options for improving the external representation of the euro area in international institutions such as the IMF, the World Bank and the G-20. The study proposes a two-stage process, the first of which requires the creation of a permanent subcommittee of the Eurogroup Working Group (EWG) to elaborate common positions at international level. A second step, taken in the longer term, would consist of creating a single-member position in the IMF and World Bank by merging national quotas via the European Stability Mechanism (ESM). For the G-20, a single membership of the euro area could create inconsistencies with the European Union membership. However, a euro area membership could be envisaged if a more economically and financially integrated euro area were to develop.
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Externe auteur
Alessandro GIOVANNINI, CEPS; Daniel GROS, CEPS; Paul IVAN, CEPS; Piotr Maciej KACZYŃSKI, CEPS; Diego VALIANTE, CEPS
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Publicatietype
Zoekterm
- ECONOMIE, VERKEER EN HANDELSVERKEER
- economische betrekking
- Economische en Monetaire Unie
- euro
- EUROPESE UNIE
- eurozone
- FINANCIËN
- handelsbeleid
- Internationaal Muntfonds
- INTERNATIONALE BETREKKINGEN
- internationale financiën
- internationale markt
- INTERNATIONALE ORGANISATIES
- internationale politiek
- monetaire betrekkingen
- monetaire economie
- multilaterale betrekking
- nauwere samenwerking
- Opbouw van Europa
- Verenigde Naties
- Wereldbank