The Resolution of Sovereign Debt Crises

Instruments, Inefficiencies and Options for the Way Forward
1. Auflage 2019
ISBN: 978-0-367-18235-9
Verlag: Taylor & Francis Ltd

Buch, Englisch, 272 Seiten, Format (B × H): 158 mm x 227 mm, Gewicht: 796 g

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.

Autoren/Hrsg.

Abel, Jeannette

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein

Inhaltsverzeichnis

1. Introduction; 2. The Current International Financial Architecture for Sovereign Debt Crisis Resolution; 3. Dealing with the Sovereign Debt Crisis in the EU; 3. Options for the Way Forward; 4. A Fully-fledged Restructuring Programme for Europe; 5. Conclusion;

Über Autor(innen)

Dr Jeannette Abel is a practising lawyer with the law firm Graf von Westphalen Rechtsanwälte, Germany.