The European Monetary Union Needs a Government Banker

Thomas Palley

Challenge, 2011, vol. 54, issue 4, 5-21

Abstract: Many economists contend that the European Monetary Union is in serious danger. This economist argues that it needs a fiscal authority to issue Europewide bonds that the European Central Bank can trade so that the bank can lower country funding costs and counter bond market speculation.

Date: 2011
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DOI: 10.2753/0577-5132540401

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