cooperation between regional institutions and the International Monetary Fund (IMF). While the case for coordination between … appreciated. The relatively successful cooperation among the European Commission, European Central Bank, and IMF on the European … debt crisis is not likely to be easily replicated in joint programs for countries in other regions, moreover, and the costs …

obtained are applied to assess the desirability of dollarization in a range of countries and the potential role of the IMF as …

; with government revenues dragged down, fiscal deficits worsen; deficits lead to debt; as debt piles up rating downgrades …

global problems such as growth and debt, as well as social issues such as the predictive value of SAT scores, drug …

We present a simple model of sovereign debt crises in which a country chooses its optimal mix of short and long …-term debt contracts subject to standard contracting frictions: the country cannot commit to repay its debts nor to a specific … path of future debt issues, and contracts cannot be made state contingent nor renegotiated. We show that in order to …

We present a simple model of sovereign debt crises in which a country chooses its optimal mix of short and long …-term debt contracts subject to standard contracting frictions: the country cannot commit to repay its debts nor to a specific … path of future debt issues, and contracts cannot be made state contingent nor renegotiated. We show that in order to …

plan of last resort for resolving the present EMU sovereign-debt crisis. The key ingredients of our proposal involve a …

If Greece's debt is unsustainable, and most observers (including the IMF) seem to think it is, the country's only … is how to facilitate Greece's ability to tap the private capital markets at tolerable interest rates. The IMF's answer …