Valuing Public Debt in the EC: EMU Benefits Versus "No-Bail-Out" Risks – November 1991

01 November 1991

The Treaty should require the regulations governing the EC's financial system to take full account of the new risks in public debt. Investors can then look forward to major benefits from EMU.

The Treaty should require the regulations governing the EC's financial system to take full account of the new risks in public debt. Investors can then look forward to major benefits from EMU.

© Graham Bishop