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The safe asset potential of EU-issued bonds

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

A proposal for a central fiscal capacity for the EMU | VOX, CEPR Policy Portal

The global crisis and Covid-19 pandemic highlighted the limitations of the European Economic and Monetary Union, particularly the lack of a fiscal union for cross-border risk sharing. This column proposes a central fiscal capacity for the euro area in which transfers to/from regions are driven by euro-area, country-specific, and region-specific shocks. The scheme can produce

8 Things to Know About the 3SI

8 Things to Know About the 3SI
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