{"id":6251,"date":"2013-12-14T22:25:05","date_gmt":"2013-12-14T20:25:05","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=6251"},"modified":"2013-12-20T10:00:59","modified_gmt":"2013-12-20T08:00:59","slug":"sovereign-default-and-state-contingent-debt","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/sovereign-default-and-state-contingent-debt\/","title":{"rendered":"Sovereign default and state-contingent debt"},"content":{"rendered":"<p>Martin Brooke, Rhys Mendes, Alex Pienkowski, Eric Santor.<\/p>\n<div>\n<p>Recent Eurozone events have changed the perception that sovereign debt is a problem of emerging-market economies. This column highlights some major deficiencies of the current framework, and proposes two new and complementary types of state-contingent debt contracts. The first \u2013 sovereign cocos \u2013 are designed to tackle liquidity crises. The second \u2013 GDP-linked bonds \u2013 help prevent solvency crises.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Voxeu<\/p>\n<p><a href=\"http:\/\/www.voxeu.org\/article\/sovereign-default-and-state-contingent-debt\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Martin Brooke, Rhys Mendes, Alex Pienkowski, Eric Santor. Recent Eurozone events have changed the perception that sovereign debt is a problem of emerging-market economies. This column highlights some major deficiencies of the current framework, and proposes two new and complementary types of state-contingent debt contracts. The first \u2013 sovereign cocos \u2013 are designed to tackle [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37,4],"tags":[26],"class_list":["post-6251","post","type-post","status-publish","format-standard","hentry","category-18","category-37","category-proposals","tag-26"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=6251"}],"version-history":[{"count":4,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6251\/revisions"}],"predecessor-version":[{"id":6265,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6251\/revisions\/6265"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=6251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=6251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=6251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}