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European Journal of Economics and Economic Policies Intervention
Article . 2016 . Peer-reviewed
License: CC BY
Data sources: Crossref
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SSRN Electronic Journal
Article . 2015 . Peer-reviewed
Data sources: Crossref
EconStor
Research . 2015
Data sources: EconStor
EconStor
Article . 2016
License: CC BY
Data sources: EconStor
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Making the Euro Viable: The Euro Treasury Plan

Authors: Jorg Bibow;

Making the Euro Viable: The Euro Treasury Plan

Abstract

The euro crisis remains unresolved and the euro currency union incomplete and extraordinarily vulnerable. The euro regime's essential flaw and ultimate source of vulnerability is the decoupling of central bank and treasury institutions in the euro currency union. We propose a Euro Treasury scheme to properly fix the regime and resolve the euro crisis. The Euro Treasury Plan would establish a rudimentary fiscal union that is not a transfer union. The core idea is to create a Euro Treasury as a vehicle to pool future eurozone public investment spending and have it funded by proper eurozone treasury securities. The Euro Treasury could fulfil a number of additional purposes while operating mainly on the basis of a strict rule. The plan would also provide a much-needed fiscal boost to recovery and foster a more benign intra-area rebalancing.

Related Organizations
Keywords

Public Investment, H54, Economic and Monetary Union, E32, euro crisis, Euro Treasury, Fiscal Union, ddc:330, European Central Bank, E61, Euro Crisis, fiscal union, H63, public investment, E62, E63, Economic and Monetary Union; Euro Crisis; Euro Treasury; Fiscal Union; Public Investment, H62, jel: jel:E62, jel: jel:H62, jel: jel:H63, jel: jel:E63, jel: jel:E32

  • BIP!
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    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    11
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
11
Top 10%
Average
Average
hybrid