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来源类型 | Working Paper |
规范类型 | 工作论文 |
Paths to eurobonds | |
Stijn Claessens; Shahin Vallée | |
发表日期 | 2012-07-03 |
出版年 | 2012 |
语种 | 英语 |
概述 | This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financialmarkets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal discipline and risk-sharing. |
摘要 | This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financialmarkets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal discipline and risk-sharing. Many questions remain onwhether financial instruments can ever accomplish such goals without bold institutional and political decisions, and,whether, in the absence of such decisions, they can create new distortions. The proposals discussed are also not necessarily competing substitutes; rather, they can be complements to be sequenced along alternative paths that possibly culminate in a fully-fledged Eurobond. The specific path chosen by policymakers should allow for learning and secure the necessary evolution of institutional infrastructures and political safeguards. |
主题 | European Macroeconomics & Governance |
URL | https://bruegel.org/2012/07/paths-to-eurobonds-2/ |
来源智库 | Bruegel (Belgium) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/429371 |
推荐引用方式 GB/T 7714 | Stijn Claessens,Shahin Vallée. Paths to eurobonds. 2012. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
WP_12_10_paths.pdf.j(84KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | ![]() 浏览 | ||
WP_12_10_paths.pdf(343KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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