Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 2, pp. 210-231
states. We show that fiscal insurance and a sovereign insolvency procedure are no contradiction but, on the contrary, are … insolvency regime for sovereigns. And vice versa, a well-defined insolvency procedure reduces the risk that a fiscal capacity …