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The Eurogreens on Eurozone Economic Governance | 24 comments (24 topical, editorial, 0 hidden)
Re: Eurobonds : is their predatory nature inherent (none / 0)
JakeS:
Of course, the really smart way to do monetary policy is to not issue a fixed volume of bonds at all.
I wonder why governments don't switch to fixed-rate open-tender bond auctions...

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Carrie (migeru at eurotrib dot com) on Wed Dec 22nd, 2010 at 04:22:56 AM EST
[ Parent ]
Re: Eurobonds : is their predatory nature inherent (none / 0)
Because that requires a central bank that accommodates such a stance. As long as the CB pretends (and is allowed to pretend) that it's not a part of the government, bonds become fiscal instruments as much as interest rate instruments.

Of course, they could always issue Greenbacks...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Dec 22nd, 2010 at 06:11:59 AM EST
[ Parent ]

The Eurogreens on Eurozone Economic Governance | 24 comments (24 topical, 0 editorial, 0 hidden)
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