Euro area sovereign debt crisis and debt mutualisation

Bibliographic Details
Main Author: Afonso, António
Publication Date: 2016
Other Authors: Alcântara, Marcelo
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/11098
Summary: 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.
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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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:24:42Zoai:repositorio.ulisboa.pt:10400.5/11098Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:13:33.244529Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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