Cookies?
Library Header Image
LSE Research Online LSE Library Services

Currency risks have turned into default risks: to prevent such defaults, the Eurozone area must have a strong financial safety net

Bijlsma, Michiel and Vallee, Shahin (2012) Currency risks have turned into default risks: to prevent such defaults, the Eurozone area must have a strong financial safety net. LSE European Politics and Policy (EUROPP) Blog (09 Jul 2012) Blog Entry.

[img]
Preview
PDF - Published Version
Download (149Kb) | Preview

Abstract

In recent years, Eurozone governments have developed safety nets to deal with the economic and financial crisis, but these have been developed in a trial and error fashion. Michiel Bijlsma and Shahin Vallee argue that we must build on the current European Financial Stability Facility and the European Stability Mechanism with further policies that will help to resolve the banking crisis, by issuing common debt (Eurobonds), and by promoting the idea of fiscal transfers within the EU.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2012 The Author
Library of Congress subject classification: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Journal of Economic Literature Classification System: F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets
G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation
Sets: Collections > Economists Online
Collections > LSE European Politics and Policy (EUROPP) Blog
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 19 Sep 2012 11:19
URL: http://eprints.lse.ac.uk/46120/

Actions (login required)

Record administration - authorised staff only Record administration - authorised staff only

Downloads

Downloads per month over past year

View more statistics