Euro-nomics; European Safe Bonds (ESBies)
This post was written by Philip Lane
For the past six months, I have been working on the euro crisis with an international group of colleagues. We have now set up a website, where you can learn more about our project.
We have also released a proposal for the creation of European Safe Bonds (ESBies), which is available here.
We provide an overview of the proposal in this WSJ article.
I have also written a broader article for the Irish Times on the desirability of a unified banking system for the euro area.