Argument: The EMF could enhance transparency of public finances

Issue Report: European Monetary Fund


Daniel Gros and Thomas Mayer. “How to deal with sovereign default in Europe: Towards a Euro(pean) Monetary Fund.” February 2010: “The EMF could contribute decisively to the transparency of public finances because its intervention mechanism in the case of failure would penalise all derivatives and other transactions that had not been previously registered with a special registry of public debt, which the EMF would maintain.”