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European sovereign debt risk management: The role of a European Debt Agency

This paper proposes the establishment of a European Debt Agency (EDA) as a tool for the efficient management of Eurozone public debt, to address two primary risks: roll-over and sustainability risk. The proposed EDA would price its loans using a transparent formula that would anchor the price to fun...

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Autori principali: Massimo Amato, Everardo Belloni, Carlo A. Favero, Lucio Gobbi, Ludovica Priviero
Natura: Artigo
Lingua:Inglês
Pubblicazione: Elsevier 2024-01-01
Serie:Journal of Government and Economics
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Accesso online:http://www.sciencedirect.com/science/article/pii/S2667319324000223
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