Euro area sovereign debt crisis and debt mutualisation

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2016
Outros Autores: Alcântara, Marcelo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/11098
Resumo: We study debt mutualisation in the Euro area. Bearing in mind other existing proposals we provide an alternative Blue, Yellow and Red Bonds proposal: blue, would cover debt up to 60% of GDP, yellow would include debt from 60% up to 90% of GDP, and red would cover debt above 90% of GDP. Although not with joint liability, the rationale behind the Yellow Bonds with a joint issuance is the attraction of liquidity, which would be beneficial, especially for the countries with high yields. This could give more room to public authorities.
id RCAP_1771b0638e3a56c7f87c83697b431ea0
oai_identifier_str oai:www.repository.utl.pt:10400.5/11098
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Euro area sovereign debt crisis and debt mutualisationEMUEuro Area CrisisSovereign YieldsGovernment DebtDebt MutualisationWe study debt mutualisation in the Euro area. Bearing in mind other existing proposals we provide an alternative Blue, Yellow and Red Bonds proposal: blue, would cover debt up to 60% of GDP, yellow would include debt from 60% up to 90% of GDP, and red would cover debt above 90% of GDP. Although not with joint liability, the rationale behind the Yellow Bonds with a joint issuance is the attraction of liquidity, which would be beneficial, especially for the countries with high yields. This could give more room to public authorities.ISEG – Departamento de EconomiaRepositório da Universidade de LisboaAfonso, AntónioAlcântara, Marcelo2016-03-01T10:00:13Z20162016-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/11098engAfonso, António e Marcelo Alcântara .2016. "Euro area sovereign debt crisis and debt mutualisation". Instituto Superior de Economia e Gestão. DE Working papers nº 7-2016/DE/UECE2183-1815info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:41:22Zoai:www.repository.utl.pt:10400.5/11098Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:57:26.694254Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Euro area sovereign debt crisis and debt mutualisation
title Euro area sovereign debt crisis and debt mutualisation
spellingShingle Euro area sovereign debt crisis and debt mutualisation
Afonso, António
EMU
Euro Area Crisis
Sovereign Yields
Government Debt
Debt Mutualisation
title_short Euro area sovereign debt crisis and debt mutualisation
title_full Euro area sovereign debt crisis and debt mutualisation
title_fullStr Euro area sovereign debt crisis and debt mutualisation
title_full_unstemmed Euro area sovereign debt crisis and debt mutualisation
title_sort Euro area sovereign debt crisis and debt mutualisation
author Afonso, António
author_facet Afonso, António
Alcântara, Marcelo
author_role author
author2 Alcântara, Marcelo
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Alcântara, Marcelo
dc.subject.por.fl_str_mv EMU
Euro Area Crisis
Sovereign Yields
Government Debt
Debt Mutualisation
topic EMU
Euro Area Crisis
Sovereign Yields
Government Debt
Debt Mutualisation
description We study debt mutualisation in the Euro area. Bearing in mind other existing proposals we provide an alternative Blue, Yellow and Red Bonds proposal: blue, would cover debt up to 60% of GDP, yellow would include debt from 60% up to 90% of GDP, and red would cover debt above 90% of GDP. Although not with joint liability, the rationale behind the Yellow Bonds with a joint issuance is the attraction of liquidity, which would be beneficial, especially for the countries with high yields. This could give more room to public authorities.
publishDate 2016
dc.date.none.fl_str_mv 2016-03-01T10:00:13Z
2016
2016-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/11098
url http://hdl.handle.net/10400.5/11098
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António e Marcelo Alcântara .2016. "Euro area sovereign debt crisis and debt mutualisation". Instituto Superior de Economia e Gestão. DE Working papers nº 7-2016/DE/UECE
2183-1815
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG – Departamento de Economia
publisher.none.fl_str_mv ISEG – Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799131057375674368

Registros relacionados