Have you ever wondered about how much your life is worth? Economists have always tried to give monetary value to people’s lives. Nowadays, this issue gets even hotter, since policymakers have to take into account all costs and benefits deriving from shutting down the world economy: when will the benefits of saving lives by ‘flattening the curve’ of infected individuals be outweighed by its costs?
The point here is what is underlying the issues of common government securities, i.e. interest rates and collaterals. In this series of articles, we will explain what Eurobonds are, why there are so many concerns around them and if they could be developed someday soon. In particular, we will go through European peculiarities and analyse all viable options to face extreme circumstances as it is for COVID-19.