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ESM-Kredite zur Bekämpfung der Corona-Krise greifen zu kurz
[Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough]

Author

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  • Hans-Bernd Schäfer

    (Bucerius Law School Hamburg)

Abstract

Zusammenfassung Am 9. April 2020 einigten sich die Finanzminister der Eurozone auf Kreditlinien beim Europäischen Stabilisierungsmechanismus (ESM), um der Corona-Krise entgegenzutreten. Die ESM-Kredite werden mit 200 Mrd. Euro beziffert. Dieser Wert ist jedoch irreführend, denn nur wenige Staaten hätten überhaupt Vorteile gegenüber einer zehnjährigen Staatsanleihe im eigenen Land. Zudem ist der Umfang der ESM-Kredite begrenzt.

Suggested Citation

  • Hans-Bernd Schäfer, 2020. "ESM-Kredite zur Bekämpfung der Corona-Krise greifen zu kurz [Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(5), pages 351-355, May.
    • Handle: RePEc:spr:wirtsc:v:100:y:2020:i:5:d:10.1007_s10273-020-2650-2
    DOI: 10.1007/s10273-020-2650-2
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    JEL classification:

    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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