Ensuring the involvement of private sector creditors in the resolution of sovereign debt crises is crucial to ensure an … providing for early dialogue between a debtor and its creditors also facilitates private sector involvement. Finally, the IMF … plays a key role in crisis situations, as accurate and timely diagnosis by the IMF helps identify at an early stage the need …

household financial fragility in a sample of euro area countries with the aim to shed some light on the nature of the large debt …

extensive sample of about 4,000 corporate debt securities underwritten during the period of the de facto softening of the Act …’s restrictions. Securities underwritten by commercial banks’ subsidiaries have a higher probability of default than those … gain market share and/or to the lower initial ability of these banks to correctly evaluate default risk. JEL Classification …

Flows and Fair Debt Restructuring in Emerging Markets”,which have emerged as an important instrument for crisis prevention …

the economy. We show that if (i) a significant share of the debt is denominated in foreign currency-creating a currency … tilts the debt profile towards short term debt, thereby increasing the volatility of output. Taking the model implications …

, France, Germany, Japan, Netherlands, Sweden, and UK); improvements of the primary balance after past worsening in debt ratios … for Australia, Belgium, Germany, Ireland, Netherlands and the UK; Granger causality from government debt to the primary …

This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries … positive response of labour taxation to changes in the general government debt and interest expenditure-to-GDP ratios. The …