Former US official proposes solvency crisis fund

ARGENTINA - While Argentina's perilous brush with bankruptcy has sparked a renewed debate on the idea of officially-sanctioned debt standstills, a former top official of the Federal Reserve and the Treasury Department on Monday proposed another way of making the private sector foot the bill during debt crises.

During a speech at New York University, Edwin "Ted" Truman suggested that the imposition of a 0.1% fee on offshore investment could raise $250 billion-$300 billion for a trust fund that

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: