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

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.

Publication infos:
Geneva, The Graduate Institute of International and Development Studies, 2013
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Number of pages:
28 p.
Graduate Institute of International and Development Studies Working Paper ; no. 03/2013

 Record created 2013-03-08, last modified 2018-01-28

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