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A Viable Insolvency Procedure for Sovereigns in the Euro Area

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  • Clemens Fuest
  • Friedrich Heinemann
  • Christoph Schröder

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  • Clemens Fuest & Friedrich Heinemann & Christoph Schröder, 2016. "A Viable Insolvency Procedure for Sovereigns in the Euro Area," Journal of Common Market Studies, Wiley Blackwell, vol. 54(2), pages 301-317, March.
    • Handle: RePEc:bla:jcmkts:v:54:y:2016:i:2:p:301-317
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    File URL: http://hdl.handle.net/10.1111/jcms.12287
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    4. Jeromin Zettelmeyer & Christoph Trebesch & Mitu Gulati, 2013. "The Greek debt restructuring: an autopsy [Greek bond buyback boondoggle]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 28(75), pages 513-563.
    5. Paul De Grauwe & Yuemei Ji, 2012. "Mispricing of Sovereign Risk and Macroeconomic Stability in the Eurozone," Journal of Common Market Studies, Wiley Blackwell, vol. 50(6), pages 866-880, November.
    6. Ashoka Mody, 2013. "Sovereign debt and its restructuring framework in the eurozone," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 715-744, WINTER.
    7. Marco Buti & Nicolas Carnot, 2012. "The EMU Debt Crisis: Early Lessons and Reforms," Journal of Common Market Studies, Wiley Blackwell, vol. 50(6), pages 899-911, November.
    8. Ashoka Mody, 2013. "Sovereign debt and its restructuring framework in the euro area," Working Papers 788, Bruegel.
    9. Buchanan, James M., 1994. "Lagged implementation as an element in constitutional strategy," European Journal of Political Economy, Elsevier, vol. 10(1), pages 11-26, May.
    10. Buchanan, James M., 1994. "Erratum to: Lagged implementation as an element in constitutional strategy," European Journal of Political Economy, Elsevier, vol. 10(3), pages 619-619, October.
    11. Kenneth Rogoff & Jeromin Zettelmeyer, 2002. "Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001," IMF Staff Papers, Palgrave Macmillan, vol. 49(3), pages 1-8.
    12. Jürgen von Hagen & Jean Pisani-Ferry & André Sapir & Francois Gianviti & Anne O. Krueger, . "A European mechanism for sovereign debt crisis resolution- a proposal," Blueprints, Bruegel, number 446, December.
    13. Rodrigo Olivares-Caminal, 2012. "The EU Architecture to Avert a Sovereign Debt Crisis," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2011(2), pages 167-197.
    14. Christoph Trebesch & Mr. Michael G. Papaioannou & Mr. Udaibir S Das, 2012. "Sovereign Debt Restructurings 1950-2010: Literature Survey, Data, and Stylized Facts," IMF Working Papers 2012/203, International Monetary Fund.
    15. David Howarth & Lucia Quaglia, 2014. "The Steep Road to European Banking Union: Constructing the Single Resolution Mechanism," Journal of Common Market Studies, Wiley Blackwell, vol. 52, pages 125-140, November.
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    Cited by:

    1. Fabrizio Balassone & Sara Cecchetti & Martina Cecioni & Marika Cioffi & Wanda Cornacchia & Flavia Corneli & Gabriele Semeraro, 2016. "Risk Reduction and Risk Sharing in the Governance of the Euro Area," Politica economica, Società editrice il Mulino, issue 3, pages 463-488.
    2. Fabrizio Balassone & Sara Cecchetti & Martina Cecioni & Marika Cioffi & Wanda Cornacchia & Flavia Corneli & Gabriele Semeraro, 2018. "Economic governance in the euro area: balancing risk reduction and risk sharing," Chapters, in: Giuseppe Eusepi & Richard E. Wagner (ed.), Debt Default and Democracy, chapter 7, pages 124-154, Edward Elgar Publishing.
    3. Sebastian Blesse & Annika Havlik & Friedrich Heinemann, 2021. "Euro area reform preferences of Central and Eastern European economic experts," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(1), pages 155-179, February.
    4. Sebastian Blesse & Pierre C Boyer & Friedrich Heinemann & Eckhard Janeba & Anasuya Raj, 2019. "European Monetary Union reform preferences of French and German parliamentarians," European Union Politics, , vol. 20(3), pages 406-424, September.
    5. Thirion, Gilles, 2017. "European Fiscal Union: Economic rationale and design challenges," CEPS Papers 12160, Centre for European Policy Studies.
    6. Bodo Herzog, 2016. "Modelling Monetary and Fiscal Governance in the Wake of the Sovereign Debt Crisis in Europe," Economies, MDPI, vol. 4(2), pages 1-11, May.
    7. Dolls, Mathias & Fuest, Clemens & Heinemann, Friedrich & Peichl, Andreas, 2015. "Reconciling insurance with market discipline: A blueprint for a European fiscal union," ZEW Discussion Papers 15-044, ZEW - Leibniz Centre for European Economic Research.
    8. Christophe Destais & Frederik Eidam & Friedrich Heinemann, 2019. "The design of a sovereign debt restructuring mechanism for the euro area: Choices and trade-offs," EconPol Policy Reports 11, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    9. de Haan Jakob & Amtenbrink Fabian, 2023. "The Reform of the European Fiscal Rules: In Search of Mechanisms Ensuring Sustainable Debt Levels," The Economists' Voice, De Gruyter, vol. 20(2), pages 169-178, December.
    10. van Riet, Ad, 2016. "Safeguarding the euro as a currency beyond the state," Occasional Paper Series 173, European Central Bank.
    11. Marco Committeri & Pietro Tommasino, 2018. "Managing sovereign debt restructurings in the euro zone. A note on old and current debates," Questioni di Economia e Finanza (Occasional Papers) 451, Bank of Italy, Economic Research and International Relations Area.
    12. Heikki Oksanen, 2016. "Smoothing Asymmetric Shocks vs. Redistribution in the Euro Area: A Simple Proposal for Dealing with Mistrust in the Euro Area," CESifo Working Paper Series 5817, CESifo.
    13. Marika Cioffi & Pietro Rizza & Marzia Romanelli & Pietro Tommasino, 2019. "Outline of a redistribution-free debt redemption fund for the euro area," Questioni di Economia e Finanza (Occasional Papers) 479, Bank of Italy, Economic Research and International Relations Area.
    14. Dolls, Mathias & Wehrhöfer, Nils, 2021. "Attitudes towards euro area reforms: Evidence from a randomized survey experiment," European Journal of Political Economy, Elsevier, vol. 67(C).
    15. Friedrich Heinemann, 2021. "The political economy of euro area sovereign debt restructuring," Constitutional Political Economy, Springer, vol. 32(4), pages 502-522, December.

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