Author (Person) | Belke, Ansgar |
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Series Title | Intereconomics |
Series Details | Vol.48, No.4, July-August 2013, p237-242 |
Publication Date | July 2013 |
ISSN | 0020-5346 |
Content Type | Journal | Series | Blog |
Abstract: Given the shortcomings of the current responses to the sovereign debt crisis in the eurozone, the author proposes utilising national gold reserves as collateral for government debt. Gold backing would be quite attractive to bond investors and would significantly ease the burden of high sovereign debt yields, particularly in Portugal and Italy. Moreover, it would achieve this without adding further risky assets to the European Central Bank’s balance sheet and thereby transferring credit risk to Northern European countries Full text of articles can be found in the Intereconomics Archive two years after the initial publication] |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |