Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/106969 
Authors: 
Year of Publication: 
2014
Series/Report no.: 
SAFE Policy Letter No. 19
Publisher: 
Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe, Frankfurt a. M.
Abstract: 
This article discusses the recent proposal for debt restructuring in the euro zone by Pierre Paris and Charles Wyplosz. It argues that the plan cannot realize the promised debt relief without producing moral hazard. Ester Faia revisits the Redemption Fund proposed in November 2011 by the German Council of Economic Experts and argues that this plan, up to date, still remains the most promising path towards succesful debt restructuring in Europe.
Subjects: 
public debt
debt restructuring
Persistent Identifier of the first edition: 
Document Type: 
Research Report

Files in This Item:
File
Size
224.03 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.