Eurobonds (or Coronabonds) Would Not Be Costly for Northern Euro Area Countries

Well-designed eurobonds would lower financing costs for many euro area countries while hardly or not increasing the costs for the others. These bonds should have an explicit guarantee from the ECB. These bonds could be used up to a limit of GDP (a low number of 10-25% of GDP would allow to observe market reactions before deciding whether to expand). Such bonds would increase the costs on regular German 10-year bonds by at most 10 to 30 basis points

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Year of publication:	2020
Authors:	Weber, Matthias
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Eurozone \| Euro area \| EU-Staaten \| EU countries \| Eurobond

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: LSE Business Review, 2020 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 16, 2020 erstellt
Classification:	f45 ; F34 - International Lending and Debt Problems ; G15 - International Financial Markets ; H63 - Debt; Debt Management ; E43 - Determination of Interest Rates; Term Structure Interest Rates
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012836668