Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/213176 
Year of Publication: 
2018
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 53 [Issue:] 4 [Publisher:] Springer [Place:] Heidelberg [Year:] 2018 [Pages:] 221-224
Publisher: 
Springer, Heidelberg
Abstract: 
The establishment of a European Monetary Fund (EMF) enjoys increasing academic and political support, though its advocates do not necessarily agree on the purpose and functions of such an institution. This paper aims to examine the features of the EMF that are relevant to sovereign debt restructuring. We argue that a European sovereign debt restructuring mechanism would be a feasible and useful tool in a crisis. It would facilitate private sector involvement and convey all the advantages that pre-defined procedures offer compared to ad hoc solutions in dealing with a crisis.
Persistent Identifier of the first edition: 
Document Type: 
Article

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