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.
Studie
Extern avdelning
Alessandro GIOVANNINI, CEPS; Daniel GROS, CEPS; Paul IVAN, CEPS; Piotr Maciej KACZYŃSKI, CEPS; Diego VALIANTE, CEPS
Om detta dokument
Publikationstyp
Sökord
- ekonomiska förbindelser
- Ekonomiska och monetära unionen
- euro
- euroområdet
- europeisk integration
- EUROPEISKA UNIONEN
- FINANSER
- Förenta nationerna
- HANDEL OCH AFFÄRSVERKSAMHET
- handelspolitik
- internationell marknad
- internationell politik
- internationella finanser
- INTERNATIONELLA FÖRBINDELSER
- INTERNATIONELLA ORGANISATIONER
- Internationella valutafonden
- monetära förhållanden
- multilaterala förbindelser
- närmare samarbete
- penningväsen
- Världsbanken