Do We Need a Mechanism for Solving Sovereign Debt Crises? A Rule-Based Discussion

This paper uses the rules of engineering as a rhetorical device to discuss why the international financial architecture needs a structured mechanism for dealing with sovereign insolvency. The paper suggests that the most important problem with the statusquo relates to delayed defaults and sketches a proposal aimed at mitigating this problem.

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Year of publication:	2013-02-13
Authors:	Panizza, Ugo
Institutions:	International Economics Section, The Graduate Institute of International and Development Studies
Subject:	Sovereign debt \| Sovereign default

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Extent:	application/pdf
Series:	IHEID Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 03-2013 28 pages
Classification:	F34 - International Lending and Debt Problems ; H63 - Debt; Debt Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010610779