[eng] The role of the private sector in resolving financial crises : where do we stand ?. This essay seeks to recapitulate the current status of a central issue : in global financial governance : the role of the private sector in resolving financial crises in emerging markets. It first sets...

This paper introduces a new probabilistic approach to sovereign debt projections and presents new estimates of debt ratios through 2020 for Italy and Spain. The new approach takes account of likely correlations across 243 alternative scenarios with three states (good, baseline, bad) for five key...