TY  - BOOK
AU  - Claessens,Stijn
AU  - Mody,Ashoka
AU  - Vallée,Shahin
ED  - International Monetary Fund.
TI  - Paths to eurobonds
T2  - IMF working paper
SN  - 1475535295
AV  - HG3881.5.I58 W67 No. 12/172eb
U1  - 332.152 23
PY  - 2012///
CY  - [Washington, D.C.]
PB  - International Monetary Fund
KW  - Euro-bond market
KW  - fast
KW  - BUSINESS & ECONOMICS / Finance
KW  - bisacsh
KW  - Electronic books
N1  - Title from PDF title page (IMF Web site, viewed Jul. 11, 2012); "Research Department."; "July 2012."; Includes bibliographical references
N2  - 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
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=568179
ER  -