{"page":"\n\n
\n
\n
\n
\n
\n\nVideo\n
\n

\nJean Pisani-Ferry: The Challenges of Europe's Monetary Union\n

\n
\n
\nGet Free Access for 10 Days!\n
\n
\n
\n
\n
\n
×
\n\n\n
\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
\n
\nJean Pisani-Ferry is a highly influential voice in the European economic debate.In this discussion, Pisani-Ferry discusses the challenges facing the creation of a common monetary union in the form that was eventually agreed in the 1990s...\nJean Pisani-Ferry is a highly influential voice in the European economic debate.

In this discussion, Pisani-Ferry discusses the challenges facing the creation of a common monetary union in the form that was eventually agreed in the 1990s absent a political union. He notes that even now, with that failure for all to see, the same dynamics that predicate against any reforms that might create a strong federal fiscal capacity are present in the discussions surrounding the creation of a \"single supervisory mechanism\" to regulate banks and protect their depositors.

The Germans, exhibiting all of their concerns inflation whether justified or not, are using their political weight to influence the design of banking policy, and the likely outcomes are looking decidedly deficient. They are doomed to fail if subjected to a stern test, although Pisani-Ferry believes that somehow the policy-making elites will find a way to muddle through, however inelegant and messy the compromises turn out to be.

At the time of this interview, Jean Pisani-Ferry was serving as the first director of Bruegel, a highly influential Brussels-based think tank, where he worked from 2005 to 2013. He currently is the Commissioner-General of the French Prime Minister's Policy Planning Staff in Paris and professor of economics at Hertie School of Governance in Berlin.
\n
\n
\n\n
\n
\n
\n
\n

Resource Details

\n
\n
\n
\n
Curator Rating
\n
\n
\n
\n
\n
\n
Educator Rating
Not yet Rated
\n
\n
\n
\n
\n
Media Length
\n
15:47
\n
\n
\n
\n
\n
Grade
Higher Ed
\n
\n
\n
\n
\n
Subjects
Social Studies & History
4 more...
\n
\n
\n
\n
\n
Media Type
Instructional Videos
\n
\n
\n
\n
\n
Source:
\n
\nNew Economic Thinking\n\n
\n
\n
\n
\n
\n
Date
\n
2014
\n
\n
\n
\n
\n\n
Language
English
\n
\n
\n
\n
\n
Audiences
For Teacher Use
2 more...
\n
\n
\n
\n
\n
Usage Permissions
Fine Print: Educational Use
\n
\n
\n
\n
\n
\n

Additional Materials

\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
\n
\n
\n

Concepts

\n
\n
deposits, countries, responsibility
\n
\n\n\n
\n
\n
\n
\n

Additional Tags

\n
\n
net ma, inet, institute for new economic thinking (organization), marshall auerback, jean pisani ferry, long ago, euro area, capital outflows, monetary union, banking assets, banking systems, banking union, capital controls, currency union, central bank, fiscal backstop, budgetary money, lousy supervision, country dimension, side, system, supervision, country, step, talking, conditionality, solvent, offset, made, case, risk, signal
\n
\n\n\n
\n
\n
\n
\n

Classroom Considerations

\n
Video is ad-free
\n
\n
\n

Educator Ratings

\n
\n
\n
\n
\n
\n\nShow resource details\n
\n
\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Jean Pisani-Ferry: The Challenges of Europe's Monetary Union\" href=\"/subscription/new\">\"Jean\n\n
\n
\n
\n\n\n\n"}