Report
Sovereign Debt Sustainability and Central Bank Credibility
This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates.
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A sober look at the case for common European Union debt
More EU debt will not lower public borrowing costs or deepen markets without fiscal-union features, permanent issuance and credible fiscal backstops
Building the best safe asset
Why would the euro area need common debt and will new proposals help?
Funktionieren die neuen europäischen Haushaltsregeln besser als die alten?