In: Monetary  Policy - A journey from theory to practice. An ECB colloquium held in honour of Otmar Issing. European Central Bank. 2 W Poole and R H Rasche (2003): The Impact of Changes in FOMC Disclosure Practices on the Transparency of  Monetary Policy: Are Markets and the FOMC Better “Synched"?
If starting positions differ so much, a stabilization fund might not result in fair risk sharing, but in a permanent one-way transfer system. Therefore, any further increase in public risk sharing should be accompanied by stronger risk reduction. That would restore the balance between liability and control.