Les 10 concurrents mises.org les plus visités

econlib.org

The Library of Economics and Liberty

jstor.org

jstor is a digital library of academic journals, books, and primary sources.

jeffersonamericas.org

Conference “Dictatorship in Venezuela: The case of María Oropeza”. Speakers: Eneas Biglione & Laura Paggi. September 6, 2024 - 7:00 p.m. Argentina time.

cepr.org

There is a recent resurgence of interest in proposals to create 'safe' euro-area level debt instruments that would help to break the doom-loop sovereign risk and bank risk. The leading idea is to create ?sovereign bond backed securities? issued in multiple tranches, the most senior of which (?ESBies?) could play the role of a safe asset (Brunnermeier et al 2017, High Level Task Force of the European Systemic Risk Board 2018). This paper explores alternative approaches to creating a euro-wide safe asset that rely neither on tranching nor on joint and several guarantees. They include (1) sovereign bond backed securities that do not rely on tranching but instead on a capital cushion to achieve the desired debt level; (2) plain vanilla debt issued by a leveraged euro area sovereign wealth fund investing internationally; (3) plain vanilla debt issued by a senior official financial intermediary (?E-bonds?). The three proposals are compared to ESBies in terms of the ?safety? of the asset generated, their impact on sovereign borrowing costs, and their redistributive implications. We show that a safe asset issued by an intermediary that is both senior and endowed with a small capital cushion would lead to values at risk that are equal or lower than those of ESBies, even in correlated default events affecting most euro area sovereigns.

kirkcenter.org

cultural renewal

centerforneweconomics.org

Author, activist, blogger and independent scholar with a focus on the commons as a new paradigm of economics, politics and culture. Director of the Schumacher Center's Reinventing the Commons Program and Co-founder of the Commons Strategies Group.

anpuh.org.br

El Instituto de Historia de las Universidad de los Andes y el Centro de Estudios de Religión y Cultura del Instituto de Historia de la Universidad de...