Podcast
08 November 2016
Debt resolution: moving on after the crisis
An excess of indebtedness is constraining economic growth in many economies. Indeed, the deleveraging since the financial crisis is exceptionally slow
Public debt
Showing 65-80 of 102 results
Comment
21 October 2016
Breaking the vicious circle
Nicolas Véron argues that EU banking union can only be complete if the vast amounts of domestic sovereign debt held by many banks are reduced
Event
12 July 2016
Does the euro area need a sovereign insolvency mechanism?
The sovereign debt crisis shook the Euro to its foundations. It soon became clear that there was no mechanism to allow a tidy insolvency of a state wi
Event
05 July 2016
Sovereign and banking risks: what policies?
Exposures of banks towards sovereigns and vice-versa may be a source of systemic risk but how far can limiting these exposures in fact enhance or rath
Blog post
07 May 2016
Is Greek public debt unsustainable?
Greek public debt does not look sustainable if the country has to return to market borrowing at the end of the third bail-out programme, but could be
Policy brief
18 February 2016
Which fiscal union for the euro area?
At the current level of political and societal integration, a large federal budget is unrealistic in the euro area. The authors make three recommenda
Working paper
29 October 2015
Internationalising the currency while leveraging massively: the case of China
This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account liberalisation and international
Blog post
26 October 2015
The global debt overhang
What’s at stake: Seven years after the financial crisis, recovery is still weak in most parts of the global economy. The general debt overhang across
Blog post
31 August 2015
Why is China finding it hard to fight the markets?
Sitting on a pile of debt, China’s only way out is to deleverage: more pain now for sustainable growth later.
Comment
13 August 2015
Greece: Lessons for Europe
It was inevitable that Greece would have to make cuts. Yet, if it is ever to pay back its debts, what the country needs most of all is a growth strate
Policy brief
29 July 2015
Reform momentum and its impact on Greek growth
The time is ripe to analyse in fine detail the conditions attached to the Greek programmes and to look in particular at the degree of structural refor
Comment
22 July 2015
Griechenlands Schuldenlast kann und muss im Euroraum erleichtert werden
Die Verknüpfung von Schuldendienst mit der Mitgliedschaft in der Währungsunion führt zu einem Teufelskreis, der das Wachstum schwächt und damit eine R
Blog post
17 July 2015
Greece budget update
Primary surplus picked up in June, but July is the key month to watch.
Blog post
17 July 2015
Five Lessons on Greece
A reflection on the experience of Greece and other countries who have implemented rescue programs
Blog post
14 July 2015
Olivier Blanchard fails to recognise two major IMF mistakes in Greece
This blog draws two lessons from the failed Greek programme. Olivier Blanchard is right that the fiscal adjustment of the last 5 years was unavoidable
Blog post
13 July 2015
Professor Blanchard writes a Greek tragedy
Olivier Blanchard has, with his customary clarity and candor, addressed criticisms of the IMF’s role in Greece’s financial rescue. His is a perso