The Greek crisis has brought to center stage the possibility that sovereign debt restructuring is not just an emerging market problem anymore. Indeed, with debt levels rising in other advanced countries, the need to consider the institutional adequacy for orderly sovereign debt restructuring is urgent. What are the issues that we must confront if we are to avoid once again failing to anticipate the institutional requirements for dealing with the next possible source of a global crisis? See my blog on the website of the Atlantic Council for an analysis.
Why the Sudden Interest in the SDR? July 2009
Seizing the Moment at the London Summit--What to Do with the IMF, March 2009
Returning to rules--Reform of the IMF, February 2009
Where is the IMF...and Does It Matter, December 2007
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