Gros, Daniel. (2018) Diversification first: Why the euro area does not need an artificial safe asset. CEPS Commentary, 25 May 2018. [Policy Paper]
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Official URL: https://www.ceps.eu/publications/diversification-f...
Abstract
The European Commission has now tabled ‘enabling’ legislation for the creation of ‘SBBS’, sovereign bond-backed securities. The official purpose is to allow financial markets to create a ‘safe asset’, which should be used by banks instead of government bonds.
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| Item Type: | Policy Paper |
|---|---|
| Subjects for non-EU documents: | EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 04 Jun 2018 10:57 |
| Number of Pages: | 3 |
| Last Modified: | 04 Jun 2018 10:57 |
| URI: | http://aei.pitt.edu/id/eprint/94017 |
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