Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/141357 
Authors: 
Year of Publication: 
2014
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 94 [Issue:] 5 [Publisher:] Springer [Place:] Heidelberg [Year:] 2014 [Pages:] 369-375
Publisher: 
Springer, Heidelberg
Abstract: 
Eurobonds sind seit langem als Instrument zur Lösung der europäischen Staatsschuldenkrise in der Diskussion. Allerdings können sie in Hinblick auf Haftungsausdehnung, Umfang, Besicherung, Konditionierung und institutionell-rechtliche Formen sehr unterschiedlich ausgestaltet werden. Der Autor spricht sich aus ordnungspolitischen Gründen gegen Eurobonds aus und plädiert für die Einhaltung des marktwirtschaftlichen Haftungsprinzips auf nationaler Basis.
Abstract (Translated): 
This research focuses on the question of to what extent Eurobonds are feasible and which problems may arise in the political, economic and juridical areas. The contribution shows possible forms of the arrangement and discusses a justifi cation from the regulatory point of view. It also examines the extent to which Eurobonds have already become reality by the rescue aid of the European Union. The economic analysis demonstrates the interrelated benefi ts and problems, especially redistribution, misdirected incentives and misallocation of capital. Finally, establishing Eurobonds is the cornerstone of the political and normative question of which direction the Eurozone will or rather should move within the scope of the sovereign debt crisis.
JEL: 
E42
H63
H69
Persistent Identifier of the first edition: 
Document Type: 
Article
Document Version: 
Published Version

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