Found 5 article(s) for author 'Sovereign Debt Crises'

Challenges Ahead

Challenges Ahead. Ricardo Hausmann, 2018, Book Chapter, “Sovereign debt ratios in advanced and emerging economies have grown to near record highs, while in low-income countries, debt levels have been gradually building since the debt relief of the early 2000s. As global monetary conditions tighten, the burden of debt will grow, and rollover risks will increase. And with a more fragmented creditor base, timely and orderly restructurings may become harder to achieve. This chapter will explore these challenges and consider which policies might enhance crisis prevention and strengthen crisis resolution. It will also consider the extent to which these objectives can be pursued by individual countries, and where multilateral action may be required to improve the international architecture.Link

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The Venality of Evil

The Venality of Evil. Ricardo Hausmann, July 31, 2018, Opinion, “The Oxford English Dictionary defines “evil” as “doing or intending to do harm.” Ultimately, given that Venezuelan President Nicolás Maduro easily could have prevented the economic catastrophe that has befallen his country, there is no other plausible explanation for the suffering and devastation experienced by millions of people.Link

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D-Day Venezuela

D-Day Venezuela. Ricardo Hausmann, January 2, 2018, Opinion, “As conditions in Venezuela worsen, the solutions that must now be considered include what was once inconceivable. A negotiated political transition remains the preferred option, but military intervention by a coalition of regional forces may be the only way to end a man-made famine threatening millions of lives.Link

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Varieties of Capitalism and the Euro Crisis

Varieties of Capitalism and the Euro Crisis, Peter A. Hall, November 2014, Paper, This article examines the role played by varieties of capitalism in the euro crisis, considering the origins of the crisis, its progression, and the response to it. Deficiencies in the institutional arrangements governing the single currency are linked to economic doctrines of the 1990s. The roots of the crisis are linked to institutional asymmetries between political economies. Northern European economies equipped to operate export-led growth models suitable for success within a monetary union are joined to southern economies whose demand-led growth models were difficult to operate successfully without the capacity to devalue. The response to a tripartite crisis of confidence, debt, and growth is explained in terms of the interaction of institutions, interests, and ideas, and its importance for the future of European integration is exploredLink

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Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten

Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten. Carmen Reinhart, Kenneth Rogoff, December 24, 2013, Paper. “Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their emerging market counterparts. The current phase of the official policy approach is predicated on the assumption that debt sustainability can be achieved through a mix of austerity, forbearance and growth…” Link verified June 19, 2014

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