TITLE

A euro at two speeds?

AUTHOR(S)
McWilliams, David
PUB. DATE
January 2012
SOURCE
OECD Observer;2012 OECD Yearbook, p28
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents the author's insights on the solutions for the euro crisis. The author says that two-speed arrangement between core and periphery may be the answer to the problem. He mentions that a two-speed euro involves two distinct but related currencies, which keeps the entire euro project together. He adds that banks in each country could issue bonds backed by the European Union (EU), as well as redeemable for new euros at the European Central Bank (ECB).
ACCESSION #
72637134

 

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