Series: IMF Working Papers
Author(s): Ashoka Mody , Stijn Claessens , and Shahin Vallée
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2012
Keywords: Eurobonds, eurozone, fiscal risk-sharing, bonds, bond, financial markets, moral hazard, Financial Markets and the Macroeconomy, International Monetary Arrangements and Institutions, Financial Aspects of Economic Integration
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...