Monetary Dialogue Briefing Papers: March 2011

The latest collection of briefing papers for the European Parliament’s Monetary Dialogue with the ECB are available here. One set of papers (including one by me) discuss bank and sovereign debt resolutions (this paper is the source of my comments here on senior bank bonds). The other set discuss the issue of Eurobonds.

3 replies on “Monetary Dialogue Briefing Papers: March 2011”


On sovereign debt: it’s unclear from your paper whether you favour eurobonds. You don’t disuss them at all. Couldn’t collective action clauses (CACs) be an integral part of a eurobond issuance which would help reduce the implied risk premium on this new type of security for all Member States?

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