Download This Paper'Europa 2020', Nuovo Governo Economico e Ri-Regolamentazione Finanziaria: Incentivi o Vincoli Alla Crescita? ('Europe 2020', New Economic Governance and Financial Re-Regulation: Incentives or Constraints to Growth?) (in Italian)
Moneta e Credito, Vol. 63, No. 252, pp. 285-319, 2010
35 Pages Posted: 22 Apr 2011 Last revised: 1 Apr 2014
Date Written: April 15, 2011
Abstract
Despite the launch of a new strategy for growth in Europe (the Europe 2020 strategy) and the ongoing efforts to design a new international financial architecture, prospects for an economic recovery of Europe remain dim. Public deficits and debts will have to be reduced at a faster pace, with contractionary effects unless a strong recovery of private expenditure will materialize. Financial re-regulation is projected to further depress the economy by imposing higher capital ratios, lower leverage, a late (though welcome) discipline of liquidity. The compound effect of the two policy trends pose a serious threat on the social sustainability of the European social market economy.
Note: Downloadable document is in Italian.
Keywords: Politica economica europea, Crisi finanziaria, regolazione finanziaria
JEL Classification: H6, F3, O52
Suggested Citation: Suggested Citation
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