Work

Do we need a mechanism for solving sovereign debt crises? A rule-based discussion

Year: 2025

Type: preprint

Abstract: This paper uses the rules of engineering as a rhetorical device to discuss why the international financial architecture needs a structured mechanism for dealing with sovereign insolvency. The paper suggests that the most important problem with the status-quo relates to delayed defaults and sketches a proposal aimed at mitigating this problem.

Source: RePEc: Research Papers in Economics

DOI: 10.71609/iheid-9awc-jx53

Author: Panizza, Ugo

Institution: Graduate Institute of International and Development Studies

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W1481457891

Cites: 34

Cited by: 16

Related to: 10