Arbeitspapier
Making the Euro viable: The Euro treasury plan
The euro crisis remains unresolved and the euro currency union incomplete and extraordinarily vulnerable. The euro regime's essential flaw and ultimate source of vulnerability is the decoupling of central bank and treasury institutions in the euro currency union. We propose a 'Euro Treasury' scheme to properly fix the regime and resolve the euro crisis. This scheme would establish a rudimentary fiscal union that is not a transfer union. The core idea is to create a Euro Treasury as a vehicle to pool future eurozone public investment spending and to have it funded by proper eurozone treasury securities. The Euro Treasury could fulfill a number of additional purposes while operating mainly on the basis of a strict rule. The plan would also provide a much-needed fiscal boost to recovery and foster a more benign intra-area rebalancing.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 842
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Fiscal Policy
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
National Deficit; Surplus
National Debt; Debt Management; Sovereign Debt
- Thema
-
Economic and Monetary Union
Euro Crisis
Euro Treasury
Fiscal Union
Public Investment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bibow, Jörg
- Ereignis
-
Veröffentlichung
- (wer)
-
Levy Economics Institute of Bard College
- (wo)
-
Annandale-on-Hudson, NY
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bibow, Jörg
- Levy Economics Institute of Bard College
Entstanden
- 2015
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