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Paper

Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability

MPS-Authors
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Hellwig,  Martin
Max Planck Institute for Research on Collective Goods, Max Planck Society;

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http://www.coll.mpg.de/pdf_dat/2007_09online.pdf
(Preprint)

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Citation

Hellwig, M. (2007). Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability.


Cite as: https://hdl.handle.net/11858/00-001M-0000-0028-6E72-D
Abstract
This contribution to the Festschrift for the Centenary of the Swiss National Bank discusses the prospects for monetary stability and financial stability after the creation of the European Monetary Union. Topics covered include the robustness of institutional arrangements and their implications for monetary stability, the implications for a small, nonparticipating country, and the problem of financial stability in a setting in which banking supervision is national and the lender of the last resort is supranational.