Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/88900
Authors: 
Belke, Ansgar
Year of Publication: 
2013
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Publisher:] Springer [Place:] Heidelberg [Volume:] 48 [Year:] 2013 [Issue:] 4 [Pages:] 237-242
Abstract: 
Given the shortcomings of the current responses to the sovereign debt crisis in the eurozone, the author proposes utilising national gold reserves as collateral for government debt. Gold backing would be quite attractive to bond investors and would significantly ease the burden of high sovereign debt yields, particularly in Portugal and Italy. Moreover, it would achieve this without adding further risky assets to the European Central Bank's balance sheet and thereby transferring credit risk to Northern European countries.
Persistent Identifier of the first edition: 
Document Type: 
Article

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