Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/201767
Authors: 
Tonveronachi, Mario
Year of Publication: 
2018
Series/Report no.: 
Public Policy Brief 145
Abstract: 
In response to a proposal put forward by the European Commission for the regulation of sovereign bond-backed securities (SBBSs), Mario Tonveronachi provides his analysis of the SBBS scheme and attendant regulatory proposal, and elaborates on an alternative approach to addressing the problems that have motivated this high-level consideration of an SBBS framework. As this policy brief explains, it is doubtful the SBBS proposal would produce its intended results. Tonveronachi's alternative, discussed in Levy Institute Public Policy Briefs Nos. 137 and 140, not only better addresses the two problems targeted by the SBBS scheme, but also a third, critical defect of the current euro system: national sovereign debt sustainability.
ISBN: 
978-1-936192-61-8
Document Type: 
Research Report

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