Sovereign bankruptcy: an opinion Jean-Jacques Rey

Anne Krueger deserves more credit than she has received, up to now, for initiating discussions, among officials, on the creation of a sovereign debt restructuring mechanism. Her proposal offers much of the features of bankruptcy proceedings, while falling short of setting up an international bankruptcy court. At the time the G10 report on the resolution of sovereign liquidity crises (sometimes, but inappropriately, dubbed the "Rey report") was written, the scheme involving an international bankr

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: