An emergency health financing facility for the European Union. A proposal
Ashby, Simon Kolokas, Dimitrios Veredas, David
Ashby, Simon
Kolokas, Dimitrios
Veredas, David
Citations
Altmetric:
Publication Type
Editor
Supervisor
Publication Year
2020
Journal
Book
Publication Volume
Publication Issue
Publication Begin page
Publication End page
Publication NUmber of pages
28
Collections
Abstract
The unprecedented public health crisis caused by COVID-19 overstretched the structures and mechanisms of the European Union, in particular those that deal with emergencies. In order to be ready for the next health emergency, we propose the creation of the Emergency Health Financing Facility. In its broader version, this Facility integrates some of the existing EU emergencies structures and adds a new layer for the most extreme emergencies that does not increase the burden on public finances. This new layer essentially consists of securitizing health emergency risks in the form of fixed income securities that are sold to institutional investors. The Facility follows the growth of marketbased risk financing facilities across global and regional initiatives, led by the World Bank.
Research Projects
Organizational Units
Journal Issue
Keywords
COVID-19