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 statusquo relates to delayed defaults and sketches a proposal aimed at mitigating this problem.
|Date of creation:||13 Feb 2013|
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