Managing Sovereign Debt Restructurings in the Euro Zone. A Note on Old and Current Debates
25 Pages Posted: 9 Jul 2019
Date Written: July 20, 2018
European economic governance is again under the spotlight. Several reform proposals have been put forward in recent years, including new arrangements for the management and resolution of sovereign debt crises. This note purports to: (a) critically review earlier debates on the reform of the international financial architecture, identifying those elements that could be still relevant for Europe today; (b) discuss recent proposals to establish a restructuring scheme in the euro area, drawing some tentative considerations on possible ways forward.
Keywords: sovereign debt crises, euro area, IMF, financial assistance
JEL Classification: F33, F34
Suggested Citation: Suggested Citation