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Relazione Del Gruppo Di Esperti.pdf

20140331_conclusion_esperti.pdf

Preview of relazione del gruppo di esperti

🔗 Source: monicamontella.it

📊 Size: 109 KB

👤 Author: ARNOLD-WOERTZ Brigitte

⬇️ Downloads: 78

Summary

The Expert Group on Debt Redemption Fund and Eurobills submitted its final report on March 31, 2014, discussing schemes of joint issuance of debt to restore stability in the euro area. The report analyzes two schemes: a Debt Redemption Fund and Pact (DRF/P), conceived as a temporary mechanism to deal with the overhang of public debt, and eurobills, designed to stabilize government debt markets and provide a safe and liquid asset. The DRF/P aims to reduce public debt exceeding 60% of GDP, while eurobills aim to reduce Member States' rollover risk and foster financial market integration. The report assesses the design, merits, and risks of the DRF/P, including the significant transfer of sovereignty and potential macroeconomic and financial risks. It concludes that introducing joint issuance schemes would have long-term implications for the euro area and that policymakers must consider the potential influence of such schemes on the general long-term direction of EMU.

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Description

The Expert Group on Debt Redemption Fund and Eurobills submitted its final report on March 31, 2014, discussing schemes of joint issuance of debt to restore...

Technical Information

File Format: PDF
File Size: 109 KB
Pages: 7
Language: EN
Author: ARNOLD-WOERTZ Brigitte
Total Downloads: 78
Last Updated: 8 hours ago

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