The paper is a survey of the recent debate over the reform of the European Stability Mechanism. Three main issues are taken into consideration: the introduction of a Common Backstop supporting the Single Resolution Fund; the re-definition of financial assistance extended to countries facing a sovereign default: the introduction of Collective Action Clauses (CACs) based on the single-limb principle. Moreover, the costs and benefits of the Pandemic Crisis Support Credi Line (PCSCL) - introduced after the outbreak of the pandemic COVID-19 - are assessed.

Lossani, M. A., MES: dalla proposta di riforma alla nuova linea di credito per spese sanitarie, <<OSSERVATORIO MONETARIO>>, 2020; (2): 30-40 [http://hdl.handle.net/10807/206170]

MES: dalla proposta di riforma alla nuova linea di credito per spese sanitarie

Lossani, Marco Angelo
Primo
2020

Abstract

The paper is a survey of the recent debate over the reform of the European Stability Mechanism. Three main issues are taken into consideration: the introduction of a Common Backstop supporting the Single Resolution Fund; the re-definition of financial assistance extended to countries facing a sovereign default: the introduction of Collective Action Clauses (CACs) based on the single-limb principle. Moreover, the costs and benefits of the Pandemic Crisis Support Credi Line (PCSCL) - introduced after the outbreak of the pandemic COVID-19 - are assessed.
Italiano
Lossani, M. A., MES: dalla proposta di riforma alla nuova linea di credito per spese sanitarie, <<OSSERVATORIO MONETARIO>>, 2020; (2): 30-40 [http://hdl.handle.net/10807/206170]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/206170
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