The Euro Monetary Fund. A proposal for sovereign-debt redemption

Luís Manuel Seixas

No 2015/07, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: Debt restructuration is lately a recurring theme in the affairs of the Euro. The economic and financial crisis set for unconventional and extraordinary policies, so that the actions of major Central Banks are to become more decisive in the economic dynamics. This article focuses on a proposal for debt redemption and restructuration with central-bank money emissions. It does so by elaborating in the sense of economic treasury, and consequently of European Treasury. The modern Central Banks (CBs) practices, the present-day money circulation characteristics and the agent’s financial heuristics are therefore assessed. A quantitative plan for debt redemption and restructuration with a nexus on the finance of productive investment is also presented.

Keywords: debt-restructuration; money circulation; treasury; central-banks. (search for similar items in EconPapers)
Date: 2015-04
New Economics Papers: this item is included in nep-eec and nep-mon
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