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Introduction: Eurobonds beyond Crisis Management

Author

Listed:
  • Eger Thomas

    (Faculty of Law, Institute of Law and Economics, University of Hamburg, Johnsallee 35, 20148 Hamburg, Germany)

  • Schäfer Hans-Bernd

    (Bucerius Law School, Jungiusstraße 6, 20355 Hamburg, Germany)

Abstract

Eurobonds, i.e. the mutualization of (some) of the Eurozone member states debts, remain a promising tool not as a remedy for the ongoing debt crisis but for a number of other, more long-term reasons. This introduction to the present special issue of the Review of Law and Economics lays the ground for the subsequent in-depth analyses by providing a framework comprised of, on the one hand, the most prominent proposals for Eurobonds and, on the other hand, the legal and economic criteria against which the suitability of these proposals may be judged.

Suggested Citation

  • Eger Thomas & Schäfer Hans-Bernd, 2016. "Introduction: Eurobonds beyond Crisis Management," Review of Law & Economics, De Gruyter, vol. 12(3), pages 477-494, November.
    • Handle: RePEc:bpj:rlecon:v:12:y:2016:i:3:p:477-494:n:1
    DOI: 10.1515/rle-2016-0039
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    References listed on IDEAS

    as
    1. Hans-Werner Sinn, 2015. "The Euro: From Peace Project to Bone of Contention," Books, by Staff of the ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 201510, April.
    2. Hans-Werner Sinn, 2015. "Der Euro: Von der Friedensidee zum Zankapfel," Books, by Staff of the ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 2015001.
    3. John Muellbauer, 2013. "Conditional eurobonds and the eurozone sovereign debt crisis," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(3), pages 610-645, AUTUMN.
    4. Jakob von Weizsäcker & Jacques Delpla, 2011. "Eurobonds- The blue bond concept and its implications," Policy Contributions 509, Bruegel.
    5. Kaushik Basu & Joseph E. Stiglitz, 2015. "Sovereign Debt and Joint Liability: An Economic Theory Model for Amending the Treaty of Lisbon," Economic Journal, Royal Economic Society, vol. 125(586), pages 115-130, August.
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    More about this item

    Keywords

    Eurobonds; Euro crisis; law and economics;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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