Cover Image

A viable insolvency procedure for sovereigns in the euro area

Show other versions (1)

A mechanism to restructure the debt of an insolvent euro country is a missing element in the emerging institutional architecture of the euro area. The introduction of an insolvency procedure for sovereigns faces a dilemma: in the foreseeable future, its introduction would risk pushing Europe back in...

Full description

Saved in:
Bibliographic Details
Main Authors: Fuest, Clemens (Author) , Heinemann, Friedrich (Author) , Schröder, Christoph (Author)
Format: Article (Journal)
Language:English
Published: 2016
In: Journal of common market studies
Year: 2015, Volume: 54, Issue: 2, Pages: 301-317
ISSN:1468-5965
DOI:10.1111/jcms.12287
Subjects:
Europäische Union
Eurozone
Online Access:Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1111/jcms.12287
Verlag, lizenzpflichtig, Volltext: https://onlinelibrary.wiley.com/doi/abs/10.1111/jcms.12287
Get full text
Author Notes:Clemens Fuest, Friedrich Heinemann and Christoph Schröder

MARC

LEADER 00000caa a2200000 c 4500
001 1696044065
003 DE-627
005 20250521011529.0
007 cr uuu---uuuuu
008 200424r20162015xx |||||o 00| ||eng c
024 7 |a 10.1111/jcms.12287  |2 doi 
035 |a (DE-627)1696044065 
035 |a (DE-599)KXP1696044065 
035 |a (OCoLC)1341316805 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
084 |a 17  |2 sdnb 
100 1 |a Fuest, Clemens  |d 1968-  |e VerfasserIn  |0 (DE-588)122444884  |0 (DE-627)081946996  |0 (DE-576)168778262  |4 aut 
245 1 2 |a A viable insolvency procedure for sovereigns in the euro area  |c Clemens Fuest, Friedrich Heinemann and Christoph Schröder 
264 1 |c 2016 
300 |a 17 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
500 |a Gesehen am 24.04.2020 
500 |a First published: 27 July 2015 
520 |a A mechanism to restructure the debt of an insolvent euro country is a missing element in the emerging institutional architecture of the euro area. The introduction of an insolvency procedure for sovereigns faces a dilemma: in the foreseeable future, its introduction would risk pushing Europe back into acute crisis; but the indefinite postponement of reform would impair the credibility of a future regime change. Against this background, this article reviews arguments and existing blueprints for sovereign insolvency procedures in the euro area and develops a Viable Insolvency Procedure for Sovereigns. This procedure avoids any sudden measures which could destabilize the present fragile situation but carefully designs an irreversible transition toward the new regime. The proposal comprises two pillars: an insolvency procedure for the long run and a credible bridge toward that system. 
534 |c 2015 
610 2 7 |0 (DE-588)5098525-5  |0 (DE-627)132918269  |0 (DE-576)194702391  |a Europäische Union  |2 gnd 
650 0 7 |0 (DE-588)4170174-4  |0 (DE-627)104500085  |0 (DE-576)209928123  |a Mitgliedsstaaten  |2 gnd 
650 0 7 |0 (DE-588)4309802-2  |0 (DE-627)123828538  |0 (DE-576)211118958  |a Wirtschafts- und Währungsunion  |2 gnd 
650 0 7 |0 (DE-588)4066410-7  |0 (DE-627)106113550  |0 (DE-576)209164549  |a Wirtschaftliche Integration  |2 gnd 
650 0 7 |0 (DE-588)4121891-7  |0 (DE-627)105766305  |0 (DE-576)209547030  |a Währungssystem  |2 gnd 
650 0 7 |0 (DE-588)7635855-0  |0 (DE-627)587272910  |0 (DE-576)288548957  |a Finanzkrise  |2 gnd 
650 0 7 |0 (DE-588)4043153-8  |0 (DE-627)104642971  |0 (DE-576)209054506  |a Öffentliche Schulden  |2 gnd 
650 0 7 |0 (DE-588)4003783-6  |0 (DE-627)104704926  |0 (DE-576)208852808  |a Auslandsschulden  |2 gnd 
650 0 7 |0 (DE-588)4056618-3  |0 (DE-627)106154303  |0 (DE-576)209118288  |a Staat  |2 gnd 
650 0 7 |0 (DE-588)4072843-2  |0 (DE-627)104529342  |0 (DE-576)209188375  |a Insolvenz  |2 gnd 
650 0 7 |0 (DE-588)4121127-3  |0 (DE-627)104297573  |0 (DE-576)209540737  |a Debt Management  |2 gnd 
650 0 7 |0 (DE-588)4637781-5  |0 (DE-627)32960015X  |0 (DE-576)214522164  |a Entscheidungsverfahren  |2 gnd 
650 0 7 |0 (DE-588)4027366-0  |0 (DE-627)106284843  |0 (DE-576)208970649  |a Internationale Organisation  |2 gnd 
650 0 7 |0 (DE-588)4461765-3  |0 (DE-627)230758975  |0 (DE-576)212678876  |a Vorschlag  |2 gnd 
650 0 7 |0 (DE-588)4374764-4  |0 (DE-627)184638410  |0 (DE-576)211773980  |a Initiative  |2 gnd 
650 4 |a euro area debt crisis 
650 4 |a sovereign insolvency procedure 
651 7 |0 (DE-588)7553526-9  |0 (DE-627)707604982  |0 (DE-576)260165883  |a Eurozone  |2 gnd 
700 1 |a Heinemann, Friedrich  |d 1964-  |e VerfasserIn  |0 (DE-588)131390244  |0 (DE-627)508766591  |0 (DE-576)169084329  |4 aut 
700 1 |a Schröder, Christoph  |e VerfasserIn  |0 (DE-588)1044430508  |0 (DE-627)772035490  |0 (DE-576)397206488  |4 aut 
773 0 8 |i Enthalten in  |t Journal of common market studies  |d Oxford : Wiley-Blackwell, 1962  |g 54(2016), 2, Seite 301-317  |h Online-Ressource  |w (DE-627)302721967  |w (DE-600)1492234-4  |w (DE-576)079877206  |x 1468-5965  |7 nnas  |a A viable insolvency procedure for sovereigns in the euro area 
773 1 8 |g volume:54  |g year:2016  |g number:2  |g pages:301-317  |g extent:17  |a A viable insolvency procedure for sovereigns in the euro area 
776 0 8 |i Erscheint auch als  |n Druck-Ausgabe  |a Fuest, Clemens, 1968 -   |t A viable insolvency procedure for sovereigns in the Euro area  |d 2016  |w (DE-627)1639053212  |w (DE-576)455553599 
856 4 0 |u https://doi.org/10.1111/jcms.12287  |x Verlag  |x Resolving-System  |z lizenzpflichtig  |3 Volltext 
856 4 0 |u https://onlinelibrary.wiley.com/doi/abs/10.1111/jcms.12287  |x Verlag  |z lizenzpflichtig  |3 Volltext 
951 |a AR 
992 |a 20200424 
993 |a Article 
994 |a 2016 
998 |g 131390244  |a Heinemann, Friedrich  |m 131390244:Heinemann, Friedrich  |d 180000  |e 180000PH131390244  |k 0/180000/  |p 2 
999 |a KXP-PPN1696044065  |e 3633227660 
BIB |a Y 
SER |a journal 
JSO |a {"id":{"doi":["10.1111/jcms.12287"],"eki":["1696044065"]},"origin":[{"dateIssuedDisp":"2016","dateIssuedKey":"2016"}],"name":{"displayForm":["Clemens Fuest, Friedrich Heinemann and Christoph Schröder"]},"relHost":[{"physDesc":[{"extent":"Online-Ressource"}],"origin":[{"dateIssuedDisp":"1962-","dateIssuedKey":"1962","publisher":"Wiley-Blackwell ; HeinOnline ; Blackwell","publisherPlace":"Oxford ; Getzville, NY ; Oxford"}],"id":{"eki":["302721967"],"doi":["10.1111/(ISSN)1468-5965"],"zdb":["1492234-4"],"issn":["1468-5965"]},"disp":"A viable insolvency procedure for sovereigns in the euro areaJournal of common market studies","type":{"media":"Online-Ressource","bibl":"periodical"},"note":["Gesehen am 08.04.22","Volltext auch als Teil einer Datenbank verfügbar"],"recId":"302721967","language":["eng"],"pubHistory":["1.1962/63 - 29.1990/91; 30.1992 -"],"titleAlt":[{"title":"JCMS"}],"part":{"year":"2016","issue":"2","pages":"301-317","volume":"54","text":"54(2016), 2, Seite 301-317","extent":"17"},"title":[{"title":"Journal of common market studies","subtitle":"JCMS","title_sort":"Journal of common market studies"}]}],"physDesc":[{"extent":"17 S."}],"title":[{"title":"A viable insolvency procedure for sovereigns in the euro area","title_sort":"viable insolvency procedure for sovereigns in the euro area"}],"person":[{"given":"Clemens","family":"Fuest","role":"aut","display":"Fuest, Clemens","roleDisplay":"VerfasserIn"},{"roleDisplay":"VerfasserIn","display":"Heinemann, Friedrich","role":"aut","family":"Heinemann","given":"Friedrich"},{"given":"Christoph","family":"Schröder","role":"aut","display":"Schröder, Christoph","roleDisplay":"VerfasserIn"}],"language":["eng"],"recId":"1696044065","note":["Gesehen am 24.04.2020","First published: 27 July 2015"],"type":{"media":"Online-Ressource","bibl":"article-journal"}} 
SRT |a FUESTCLEMEVIABLEINSO2016 

Similar Items