Conditional eurobonds and the eurozone sovereign debt crisis
This paper proposes that all new euro area sovereign borrowing be in the form of jointly guaranteed Eurobonds. To avoid classic moral hazard problems and to insure the guarantors against default, each country would pay a risk premium conditional on economic fundamentals to a joint debt management a...
Main Author: | Muellbauer, J |
---|---|
Format: | Working paper |
Published: |
University of Oxford
2013
|
Similar Items
-
Sovereign Latin American Eurobonds
by: William C. Handorf, et al.
Published: (1999-08-01) -
The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis
by: Gulbahar UCLER, et al.
Published: (2014-11-01) -
The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis
by: Gulbahar UCLER, et al.
Published: (2014-11-01) -
The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis
by: Gulbahar UCLER, et al.
Published: (2014-11-01) -
The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis
by: Gulbahar UCLER, et al.
Published: (2015-03-01)