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Paths to eurobonds
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Paths to eurobonds/ prepared by Stijn Claessens, Ashoka Mody, and Shahin Vall?e. |
| 개인저자 | Claessens, Stijn,author. Mody, Ashoka,author, Vall?e, Shahin,author, |
| 단체저자명 | International Monetary Fund. Research Department. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (39 pages). |
| 총서사항 | IMF working paper;WP/12/172 |
| ISBN | 1475535295 9781475535297 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Jul. 11, 2012).
"Research Department." "July 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | 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 discipline and risk-sharing. Many questions remain on whether 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. |
| 일반주제명 | Euro-bond market. BUSINESS & ECONOMICS --Finance. Euro-bond market. |
| 언어 | 영어 |
| 바로가기 |  |
