| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9577 |
| DP9577 The Greek Debt Restructuring: An Autopsy | |
| Jeromin Zettelmeyer; Christoph Trebesch; Mitu Gulati | |
| 发表日期 | 2013-07-28 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | The Greek debt restructuring of 2012 stands out in the history of sovereign defaults. It achieved very large debt relief ? over 50 per cent of 2012 GDP ? with minimal financial disruption, using a combination of new legal techniques, exceptionally large cash incentives, and official sector pressure on key creditors. But it did so at a cost. The timing and design of the restructuring left money on the table from the perspective of Greece, created a large risk for European taxpayers, and set precedents ? particularly in its very generous treatment of holdout creditors ? that are likely to make future debt restructurings in Europe more difficult. |
| 主题 | International Macroeconomics |
| 关键词 | Debt restructuring Eurozone crisis Financial crises Greece Sovereign debt Sovereign default |
| URL | https://cepr.org/publications/dp9577 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538413 |
| 推荐引用方式 GB/T 7714 | Jeromin Zettelmeyer,Christoph Trebesch,Mitu Gulati. DP9577 The Greek Debt Restructuring: An Autopsy. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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