Template-Type: ReDIF-Paper 1.0 Title: Sovereign debt and its restructuring framework in the euro area Handle: RePEc:bre:wpaper:788 Author-Name: Ashoka Mody Abstract: To compensate for the inflexibility of fixed exchange rates, the euro area needs flexibility through a system of orderly debt restructuring.  Creation-Date: 2013-08 File-URL: https://phpstack-765020-2596826.cloudwaysapps.com/sites/default/files/wp_attachments/WP_2013_05.pdf File-Format: Application/pdf