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Whither Coronabonds? The Past and Future of the EMU in the Coronavirus Pandemic

The long-term fiscal and economic damage of eurobonds in a rule-based fiscal architecture — as history corroborates — would be greater than the historical challenge of the coronavirus pandemic, unless there is a political union in Europe.

Detalles Bibliográficos
Autor principal: Herzog, Bodo
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7276108/
https://www.ncbi.nlm.nih.gov/pubmed/32536712
http://dx.doi.org/10.1007/s10272-020-0887-z
Descripción
Sumario:The long-term fiscal and economic damage of eurobonds in a rule-based fiscal architecture — as history corroborates — would be greater than the historical challenge of the coronavirus pandemic, unless there is a political union in Europe.