Designing a Stable Monetary Union: Progress and Open Issues

The global financial crisis and the European sovereign debt crisis have not only revealed shortcomings in financial regulation but also uncovered flaws in the design of the European monetary union. On October 8, the Initiative on Business and Public Policy at Brookings hosted Andreas Dombret, member of the Executive Board of the Deutsche Bundesbank, Germany’s central bank. Mr. Dombret addressed these issues and highlighted the progress that has been made. He also looked to the future and discussed potential steps to further deepen financial integration in Europe.

Douglas J. Elliott of Brookings moderated the event.