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The Euro Monetary Fund. A proposal for sovereign-debt redemption

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  • Luís Manuel Seixas

Abstract

Debt restructuration is lately a recurring theme in the affairs of the Euro. The economic and financial crisis set for unconventional and extraordinary policies, so that the actions of major Central Banks are to become more decisive in the economic dynamics. This article focuses on a proposal for debt redemption and restructuration with central-bank money emissions. It does so by elaborating in the sense of economic treasury, and consequently of European Treasury. The modern Central Banks (CBs) practices, the present-day money circulation characteristics and the agent’s financial heuristics are therefore assessed. A quantitative plan for debt redemption and restructuration with a nexus on the finance of productive investment is also presented.

Suggested Citation

  • Luís Manuel Seixas, 2015. "The Euro Monetary Fund. A proposal for sovereign-debt redemption," Working Papers Department of Economics 2015/07, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    • Handle: RePEc:ise:isegwp:wp072015
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    References listed on IDEAS

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    Keywords

    debt-restructuration; money circulation; treasury; central-banks.;
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