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Stability and Growth Pact: issues and lessons from political economy

✍ Scribed by Ludger Schuknecht


Book ID
106326776
Publisher
Springer-Verlag
Year
2005
Tongue
English
Weight
348 KB
Volume
2
Category
Article
ISSN
1612-4804

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## Abstract This paper studies the politico‐economic reasons for the refusal of a proposed compulsory flood insurance scheme in Germany. It provides the rationale for such a scheme and outlines the basic features of a market‐orientated design. The main reasons for the political rejection of this pr