
The Resolution of Sovereign Debt Crises
Instruments, Inefficiencies and Options for the Way Forward
- 272 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
The Resolution of Sovereign Debt Crises
Instruments, Inefficiencies and Options for the Way Forward
About this book
The insolvency of states is by no means a rare or new phenomenon. Despite this, it still seems to be widely felt that states do not go bankrupt. As of yet, there are no regulated insolvency proceedings for states.
This book examines the current mechanisms for solving sovereign debt crises. It presents an analysis of their weaknesses and shows possibilities for dealing with such crises in the future. In this respect, the work focusses on crisis resolution measures at European level: the aid packages for Greece, the European Financial Stabilisation Mechanism, the European Financial Stabilisation Facility and the European Stability Mechanism. These are examined for their appropriateness as well as whether they contain elements of insolvency law. Ultimately, it explores possible insolvency proceedings for states at EU level and their implementation options.
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Information
Table of contents
- Cover
- Series Page
- Title Page
- Copyright Page
- Acknowledgements
- Table of Contents
- Introduction
- Chapter 1: The current international financial architecture for sovereign debt crisis resolution
- Chapter 2: Dealing with the sovereign debt crisis in the European Union
- Chapter 3: Options for the way forward - Proposals for sovereign debt restructurings
- Chapter 4: A full-fledged restructuring mechanism for Europe
- Conclusion