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[null,"1.","Record Nr.",null,"UNINA9910961752203321"]
[null,null,"Autore",null,"Mody Ashoka"]
[null,null,"Titolo",null,"Paths to Eurobonds / / Ashoka Mody, Stijn Claessens, Shahin Vallée"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2012"]
[null,null,"ISBN",null,"9781475567441"]
[{"$nulls":4},"1475567448"]
[{"$nulls":4},"9781475587777"]
[{"$nulls":4},"1475587775"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (40 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[{"$nulls":4},"IMF working paper ; ; WP/12/172"]
[null,null,"Disciplina",null,"332.1/52"]
[null,null,"Soggetti",null,"Euro-bond market"]
[{"$nulls":4},"International finance"]
[{"$nulls":4},"Asset and liability management"]
[{"$nulls":4},"Bonds"]
[{"$nulls":4},"Debt Management"]
[{"$nulls":4},"Debt"]
[{"$nulls":4},"Debts, Public"]
[{"$nulls":4},"Economics"]
[{"$nulls":4},"Federalism"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Finance, Public"]
[{"$nulls":4},"Finance: General"]
[{"$nulls":4},"Financial Aspects of Economic Integration"]
[{"$nulls":4},"Financial institutions"]
[{"$nulls":4},"Financial Markets and the Macroeconomy"]
[{"$nulls":4},"Fiscal Policy"]
[{"$nulls":4},"Fiscal policy"]
[{"$nulls":4},"Fiscal union"]
[{"$nulls":4},"General Financial Markets: General (includes Measurement and Data)"]
[{"$nulls":4},"Government and the Monetary System"]
[{"$nulls":4},"Government asset and liability management"]
[{"$nulls":4},"Intergovernmental Relations"]
[{"$nulls":4},"International Monetary Arrangements and Institutions"]
[{"$nulls":4},"Investment & securities"]
[{"$nulls":4},"Investment Decisions"]
[{"$nulls":4},"Investments: Bonds"]
[{"$nulls":4},"Liquidity"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Monetary Systems"]
[{"$nulls":4},"Payment Systems"]
[{"$nulls":4},"Policy Coordination"]
[{"$nulls":4},"Policy Designs and Consistency"]
[{"$nulls":4},"Policy Objectives"]
[{"$nulls":4},"Portfolio Choice"]
[{"$nulls":4},"Public debt"]
[{"$nulls":4},"Public finance & taxation"]
[{"$nulls":4},"Public Finance"]
[{"$nulls":4},"Public financial management (PFM)"]
[{"$nulls":4},"Regimes"]
[{"$nulls":4},"Secession"]
[{"$nulls":4},"Sovereign Debt"]
[{"$nulls":4},"Standards"]
[{"$nulls":4},"Germany"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"July 2012.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Cover; Contents; I. Introduction; II. Objectives and Motivations; Table; 1. Objectives of Common Debt Issuance; III. Summary of the Proposals Reviewed; IV. Assessment of the Proposals; A. Countries' Incentives; 2. Country Incentives; B. Creditors; 3. Creditors; C. Coverage and Phase-in; 4. Coverage, Phase-in and Transition; D. Legal and Institutional Challenges; V. Possible Paths; Figure; 1. From Eurobills and Project Bonds to Eurobonds; 2. From Redemption Fund to Eurobonds; VI. Conclusions; Annex; 1. Details on Proposals; 2. Monetary Policy, Financial Markets Functioning; Annex Table"]
[{"$nulls":4},"1. Monetary Policy and Financial MarketsReferences"]
[null,null,null,"Sommario/riassunto","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."]