Lane says Blanchard’s Eurobond proposal is ‘feasible’
ECB’s chief economist calls for expanded supply of euro-denominated safe assets
Philip Lane has called for the supply of euro-denominated safe assets to be expanded and proposed two paths by which this could be achieved.
In a speech at the European Systemic Risk Board today (April 22), the ECB’s chief economist said that although much had been done to tighten spreads between eurozone national sovereign bonds, Bunds remained the de facto euro-denominated safe assets. However, the supply of German sovereign bonds did not meet global demand for euro-denominated safe assets.
Lan
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