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“The limited size we had to raise today enabled us to continue with our strategy to provide additional liquidity by tapping an existing bond. The high-quality order book shows our investor base appreciates this. At the same time, we were able to lock in a very attractive rate for our beneficiary Member States,” said Siegfried Ruhl, EFSF Head of Funding.
“The limited size we had to raise today enabled us to continue with our strategy to provide additional liquidity by tapping an existing bond. The high-quality order book shows our investor base appreciates this. At the same time, we were able to lock in a very attractive rate for our beneficiary Member States,” said Siegfried Ruhl, EFSF Head of Funding.
By Regling Klaus - Managing Director, European Stability Mechanism
This paper assesses the extent to which fiscal transfers smooth regional shocks in three large federations: the US, Canada and Australia
Authors: Tigran Poghosyan, Abdelhak Senhadji and Carlo Cottarelli | International Monetary Fund
Paper presented at ADEMU (A Dynamic Economic and Monetary Union) conference co-organised by the ESM in May 2016
Abstract:
This paper demonstrates that the adoption of the euro has not increased the ability of Member States to smooth consumption.
Authors: Alessandro Ferrari and Anna Rogantini Picco | European University Institute, Florence
Paper presented at ADEMU (A Dynamic Economic and Monetary Union) conference co-organised by the ESM in May 2016
Abstract: