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The European Monetary Union Needs a Government Banker

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  • Thomas Palley

Abstract

Many economists contend that the European Monetary Union is in serious danger. This economist argues that it needs a fiscal authority to issue Europewide bonds that the European Central Bank can trade so that the bank can lower country funding costs and counter bond market speculation.

Suggested Citation

  • Thomas Palley, 2011. "The European Monetary Union Needs a Government Banker," Challenge, Taylor & Francis Journals, vol. 54(4), pages 5-21.
    • Handle: RePEc:mes:challe:v:54:y:2011:i:4:p:5-21
    DOI: 10.2753/0577-5132540401
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    References listed on IDEAS

    as
    1. Jakob von Weizsäcker & Jacques Delpla, 2010. "The Blue Bond Proposal," Policy Briefs 403, Bruegel.
    2. Jürgen von Hagen & Jean Pisani-Ferry & André Sapir & Francois Gianviti & Anne O. Krueger, . "A European mechanism for sovereign debt crisis resolution- a proposal," Blueprints, Bruegel, number 446, December.
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    Cited by:

    1. John Marangos, 2023. "The Post-Keynesian Perspective and Policy Recommendations for the Greek Financial Crisis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 55(3), pages 423-447, September.
    2. Bill Lucarelli, 2012. "The Break-Up of the Eurozone?," The Economic and Labour Relations Review, , vol. 23(4), pages 25-38, November.
    3. Bill Lucarelli, 2017. "Intra-eurozone Payments Imbalances: Implications for the TARGET2 Payments System," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(3), pages 343-357, September.
    4. Timothy P. Sharpe, 2013. "Institutional arrangements and public debt threshold limits," International Review of Applied Economics, Taylor & Francis Journals, vol. 27(6), pages 707-728, November.

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