Faculty News

In a co-authored op-ed, Professor Thomas Philippon offers a financial solution for Europe to secure its borders

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Excerpt from Bloomberg View -- "Ironically, the solution to Europe’s immigration crisis is of the kind that Europe could not reach during the euro crisis: the issuing of security and mobility bonds (SMBs). These bonds offer the kind of financial engineering, macroeconomic policy and political economy Europe needs to mobilize collective resources and fund its immigration policy while preserving open internal borders."

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Additional coverage appeared on the Financial Times.