Hild, Alexandra M.D.; Herz, Bernhard; Bauer, Christian - In: Journal of Common Market Studies 52 (2014) 2, pp. 250-267
In this article, an alternative eurobond approach is developed by applying an asset-backed security (ABS) transaction to a pool of eurozone sovereign bonds. Based on the new approach two different rules to distribute the associated interest gains are analyzed. Within the ABS structure a special...