Publication
3 Apr 2009
We conclude that is possible to create an attractive common euro market for sovereign bonds. The formula proposed here avoids the free-rider problem that has marred previous proposals. In addition, on the demand side it will meet the desire for safety of investors and financial institutions, and on the supply side it will make it easier for sovereign borrowers with different needs to have access to the capital market.
Download |
English (PDF, 4 pages, 131 KB) |
---|---|
Author | Paul De Grauwe, Wim Moesen |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2009 Centre for European Policy Studies (CEPS) |