NEW YORK (CNNMoney) -- The national debt is not on the official agenda for Monday's presidential debate on foreign policy.
Showing posts with label U.S. interest rates. Show all posts
Showing posts with label U.S. interest rates. Show all posts
Tuesday, October 23, 2012
Monday, September 19, 2011
Euro-Zone Bonds Would Aid Global Economic Stability - CEPR
LONDON -(Dow Jones)- A group of leading economists Monday backed the issuance of euro-zone bonds, not as a way of resolving the currency area's fiscal crisis, but as way of making the global monetary system more stable.
In a report published by the Center for Economic Policy Research, the economists also recommended that swap agreements between leading central banks be made permanent, that the International Monetary Fund be allowed to borrow in the bond markets to boost its lending capacity, that foreign exchange reserves be pooled, and said capital controls should be used to curb "excessive and volatile" investment flows to developing economies.
In a report published by the Center for Economic Policy Research, the economists also recommended that swap agreements between leading central banks be made permanent, that the International Monetary Fund be allowed to borrow in the bond markets to boost its lending capacity, that foreign exchange reserves be pooled, and said capital controls should be used to curb "excessive and volatile" investment flows to developing economies.
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