In “ESBies: Safety in the tranches”, published on VOX (September 20, 2016), Marco Pagano and other economists claim that the Eurozone’s lack of a safe asset provided by the region as a whole is at the basis of the diabolic loop between sovereign risk and bank risk. They explain why and how European Safe Bonds, a union-wide safe asset without joint liability, would solve this problem, and outline steps to put them into practice. For more details see this research paper.
In the HeadlinesSeptember 21st, 2016
New Working PaperSeptember 20th, 2016
New visiting positions availableDecember 17th, 2015
We have available several visiting positions for young and established scholars in the year 2017. More …