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imported>Doug Williamson |
imported>Doug Williamson |
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| A proposed new debt instrument for the euro area, also known as a Stability Bond.
| | Also known as Perpetual bond. |
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| The new instrument would be denominated in euro and issued <u>jointly</u> by a number of relevant countries, for example all of the euro area (informally Eurozone or [[Euro zone]]) countries.
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| This proposal is sometimes known as 'common issuance' (contrasted with separate sovereign issuance by each individual country as at present).
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| The spelling without the space has begun to dominate the literature even though that may cause confusion given the established meaning of [[Eurobond]], some authors seeking to use the term [[international bond]] for the latter.
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| ''Note''
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| Take care: a bond denominated in euros is a 'euro bond' in the same way that a bond denominated in dollars is a 'dollar bond'. A euro bond in that sense may be a [[domestic bond]], a Eurobond or [[international bond]], a [[foreign bond]] and even, if any are ever issued, a Euro bond as used in this entry.
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| == See also == | | == See also == |
| * [[Eurobond]] | | * [[Fixed debt]] |
| | * [[Perpetual bond]] |
Revision as of 16:12, 5 March 2018
Also known as Perpetual bond.
See also