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Whither Coronabonds? The Past and Future of the EMU in the Coronavirus Pandemic

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  • Bodo Herzog

    (Hochschule Reutlingen, Reutlingen University)

Abstract

The long-term fiscal and economic damage of eurobonds in a rule-based fiscal architecture — as history corroborates — would be greater than the historical challenge of the coronavirus pandemic, unless there is a political union in Europe.

Suggested Citation

  • Bodo Herzog, 2020. "Whither Coronabonds? The Past and Future of the EMU in the Coronavirus Pandemic," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(3), pages 155-159, May.
    • Handle: RePEc:spr:intere:v:55:y:2020:i:3:d:10.1007_s10272-020-0887-z
    DOI: 10.1007/s10272-020-0887-z
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    1. Markus K. Brunnermeier & Sam Langfield & Marco Pagano & Ricardo Reis & Stijn Van Nieuwerburgh & Dimitri Vayanos, 2017. "ESBies: safety in the tranches," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 32(90), pages 175-219.
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    7. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    8. Alicia García Herrero, 2020. "The Pandemic Requires a Coordinated Global Economic Response," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 66-67, March.
    9. Bodo Herzog & Minjae Choi, 2017. "Policy Rules in the Economic and Monetary Union," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 52(1), pages 51-56, January.
    10. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 2.
    11. Berthold, Norbert & Braun, Stella & Coban, Mustafa, 2014. "Das Scheitern historischer Währungsräume: Kann sich die Geschichte auch für die Eurozone wiederholen? [Fail of Historical Currency Areas: Will History Repeat Itself in Case of the Euro Zone?]," Discussion Paper Series 127, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
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    14. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    15. Bodo Herzog & Katja Hengstermann, 2013. "Restoring Credible Economic Governance to the Eurozone," Economic Affairs, Wiley Blackwell, vol. 33(1), pages 2-17, February.
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    Cited by:

    1. Amélie Barbier-Gauchard & Meixing Dai & Claire Mainguy & Jamel Saadaoui & Moïse Sidiropoulos & Isabelle Terraz & Jamel Trabelsi, 2021. "Towards a more resilient European Union after the COVID-19 crisis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(2), pages 321-348, June.
    2. Bodo Herzog, 2022. "Do Post-Corona European Economic Policies Lift Growth Prospects? Exploring an ML-Methodology," JRFM, MDPI, vol. 15(3), pages 1-13, March.
    3. Amélie Barbier-Gauchard & Meixing Dai & Claire Mainguy & Jamel Saadaoui & Moïse Sidiropoulos & Isabelle Terraz & Jamel Trabelsi, 2020. "Towards a more resilient European Union after the COVID-19 crisis," Working Papers hal-03008144, HAL.
    4. Herzog Bodo, 2020. "Corona-Bonds und EU-Verschuldung: Zukunftsvision oder Europäische Naivität?," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 69(2), pages 148-165, August.

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