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A Mechanism to Regulate Sovereign Debt Restructuring in the EURO Area

Andritzky, Jochen R. - 2016

To make the no-bailout clause credible and enhance the effectiveness of crisis assistance, a consistent institutional and legal framework is needed to ensure that private creditors contribute to crisis resolution. Getting activated as part of ESM crisis assistance, we propose a two-stage...

Persistent link: https://www.econbiz.de/10012985878

A Mechanism to Regulate Sovereign Debt Restructuring in the Euro Area

Andritzky, Jochen R. - 2016

Persistent link: https://www.econbiz.de/10012982263

On selling sovereigns held by the ECB to the ESM : institutional and economic policy implications

Avgouleas, Emilios; Micossi, Stefano - 2021

Persistent link: https://www.econbiz.de/10012508990

Does Greece need more official debt relief? : if so, how much?

Zettelmeyer, Jeromin; Kreplin, Eike; Panizza, Ugo - 2017

Persistent link: https://www.econbiz.de/10011715448

Reducing sovereign debt levels in the post-Covid Eurozone with a simple deficit rule

Jost, Thomas; Tödter, Karl-Heinz - 2021

Debt levels in the eurozone have reached new record highs. The member countries have tried to cushion the economic … as well as with the hypothetical application of the new fiscal rule to eurozone economies from 2022 to 2026. Finally, we … take up the recent proposal by ESM economists to increase the permissible debt ratio from 60 to 100% of GDP in the eurozone. …

Persistent link: https://www.econbiz.de/10012798538