No. 237. Restoring financial stability in the euro area:
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Bibliographic Details
Main Author: Kopf, Christian (Author)
Format: Electronic eBook
Language:English
Published: Brussels [Belgium] CEPS Centre for European Policy Studies 2011
Subjects:
Online Access:BSB01
Item Description:The pricing of sovereign credit risk is a necessary component of the financial architecture of the European Monetary Union. However, unnecessarily high and volatile risk premia on government bonds are currently preventing effective financial intermediation within the euro area, there by inhibiting its economic recovery. Several proposals have been made on how these risk premia should be brought down, namely i) permanent pooling of funding through joint bond issuance, ii) temporary liquidity assistance through multilateral funds, iii) debt buybacks using multilateral funds, and iv) debt restructuring
Physical Description:1 Online-Ressource (26 Seiten)

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