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Die Verschuldung der GUS-Staaten: Sind Umschuldungen noch zu vermeiden?

Clement, Hermann - 1999

Persistent link: https://www.econbiz.de/10010322663

Debt-for-environment swap as a game: The case of the Polish EcoFund

Zylicz, Tomasz - 1998

Debt swaps as an instrument of international co-operation in environmental field were conceived and first applied in the 1980s. They were once thought of as "win-win" arrangements solving environmental and economic problems at the same time. In the 1990s it became clear, however, that (1)...

Persistent link: https://www.econbiz.de/10011608437

Default-risky Sovereign Debt

Wiggers, Andreas - 2002

Not only corporate but also sovereign debtors, in particular developing countries, may get into financial difficulties. Contrary to corporate issuers, they decide themselves if they continue to fulfill their debt obligations or convert their debt. I analyze the value of a default-risky sovereign...

Persistent link: https://www.econbiz.de/10010263080

Bailing Out Sovereign Debt : An Old Texan Precedent

Burdekin, Richard C. K. - 2004

The fate of the distressed debt issued by the 1836-1845 Republic of Texas has received surprisingly little attention. Annexation by the United States was almost certainly a necessary condition for the debt rising from the pennies-on-the-dollar values seen in the early 1840s. But the largest...

Persistent link: https://www.econbiz.de/10010271943

The Economics of Corporate Bankruptcy Law

Wohlschlegel, Ansgar - 2002

Apart from an extensive survey of the literature on the economics of corporate bankruptcy law, this thesis contains three own contributions: First, a model is presented where a firm's manager acquires some private information about whether a firm should be liquidated or stay in business....

Persistent link: https://www.econbiz.de/10009476240

Three Essays on Intra-Creditor Coordination Failures in Sovereign Debt Restructuring

Engelen, Christian - 2007

(rein marktbasierten) vertraglichen Ansatzes zur Umschuldung von Staatsanleihen aufstrebender Volkswirtschaften zu leisten …?ngsten Umschuldung argentinischer Staatsanleihen kam es zum ersten Mal in der neueren Geschichte von Finanzkrisen dazu, dass die … Umschuldung staatlicher Anleihen zumindest teilweise auf eine mangelhafte Koordination im Rahmen eines Assurance-Spiels unter den …

Persistent link: https://www.econbiz.de/10009484806

Was wird aus Griechenland? Überlegungen zu einem Insolvenzrecht für internationale Staatsschulden

Schäfer, Hans-Bernd - In: ifo Schnelldienst 63 (2010) 06, pp. 18-25

Hans-Bernd Schäfer, Institut für Recht und Ökonomik, Universität Hamburg, und Bucerius Law School, Hochschule für Rechtswissenschaft, Hamburg, plädiert in seinem Kommentar für ein internationales Insolvenzrecht. In Abwesenheit eines solchen Rechtsrahmens stellt er vier Optionen vor, die...

Persistent link: https://www.econbiz.de/10011693024

Austritt Griechenlands aus der Europäischen Währungsunion: Historische Erfahrungen, makroökonomische Konsequenzen und organisatorische Umsetzung

Born, Benjamin; Buchen, Teresa; Carstensen, Kai; … - In: ifo Schnelldienst 65 (2012) 10, pp. 9-37

Ist der Austritt Griechenlands aus der Währungsunion, verbunden mit einer externen Abwertung der neuen Währung, eine gangbare Alternative zur derzeitigen Strategie der internen Abwertung, verbunden mit öffentlichem Kapitaltransfer? Das ifo Institut vergleicht in dem Beitrag die...

Persistent link: https://www.econbiz.de/10011693340

The Greek crisis: Causes and consequences

Garcia Pascual, Antonio I.; Ghezzi, Piero - 2011

Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster than GDP. Fiscal consolidation alone cannot close the solvency gap. A substantial reduction in the stock of debt is needed. Even post-debt restructuring, there is no guarantee...

Persistent link: https://www.econbiz.de/10010280648

One reason countries pay their debts: Renegotiation and international trade

Rose, Andrew K. - 2001

This paper estimates the effect of sovereign debt renegotiation on international trade. Sovereign default may be associated with a subsequent decline in international trade either because creditors want to deter default by debtors, or because trade finance dries up after default. To estimate the...

Persistent link: https://www.econbiz.de/10010283332