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What size is the fire exit? CEPS Commentary, 7 December 2010

Gros, Daniel. (2010) What size is the fire exit? CEPS Commentary, 7 December 2010. [Policy Paper]

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    Abstract

    In his latest Commentary, CEPS Director Daniel Gros draws an analogy between the situation in the eurozone for investors today and a crowded cinema with only one emergency exit: everyone knows that in case of fire, only the first to leave will be safe. To avoid a stampede, he calls upon the IMF and the ECB to show investors that they have enough funding to finance the simultaneous exit of all short-term investors by immediately widening the exit door and by prominently displaying huge fire

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > EU institutions & developments > European Central Bank
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Other international institutions > IMF
    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: 11 Jan 2011
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:40
    URI: http://aei.pitt.edu/id/eprint/15452

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