Netherlands Bank paper analyses optimal size of ESM


A working paper, published by the Netherlands Bank on August 21, presents a cost-benefit analysis of the optimal size of the European Stability Mechanism (ESM), finding that growth of the fund may be desirable.

Daniel Kapp, the author, examines the different incentives facing core and periphery countries in the ESM, and uses these to understand whether a rescue fund is in their interests. He finds that core countries can derive use from the ESM, as there are likely to be spillover effects

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: