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Paths to eurobonds /
This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financial markets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal disciplin...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Colección: | IMF working paper ;
WP/12/172. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Contents; I. Introduction; II. Objectives and Motivations; III. Summary of the Proposals Reviewed; IV. Assessment of the Proposals; A. Countries' Incentives; B. Creditors; C. Coverage and Phase-in; D. Legal and Institutional Challenges; V. Possible Paths; VI. Conclusions; Table; 1. Objectives of Common Debt Issuance; 2. Country Incentives; 3. Creditors; 4. Coverage, Phase-in and Transition; Figure; 1. From Eurobills and Project Bonds to Eurobonds; 2. From Redemption Fund to Eurobonds; Annex; 1. Details on Proposals; 2. Monetary Policy, Financial Markets Functioning; Annex Table.