Banking

The word 'Bankruptcy' is seen painted on the side of a vacant building by street artists as a statement on the financial affairs of the city on Grand River Avenue in Detroit, Michigan (REUTERS/Rebecca Cook).

Report

Revisiting Sovereign Bankruptcy

October 2013

In a new report, the Committee on International Economic Policy and Reform examine sovereign debt crises and present procedures for restructuring the debt of bankrupt sovereigns at the euro-area and global levels.

Recent Activity

Refine by: Financial Markets and Services | Financial Institutions | U.S. Economic Performance | Financial Market Regulation

In the News

If every country tries to race towards the lowest rate, then in the end nobody gains. If you believe there should be no government at all, then fine. But if you believe some government is good, then you cannot have a system that erodes the tax base in all major countries.
March 28, 2013, Kemal Derviş, New York Times
In the News

I do think building up the capital of the banks would give them the confidence to be more aggressive on the lending side. It is absolutely imperative that the incentive structure built into compensation be aligned with financial stability.
March 11, 2013, Donald Kohn, Wall Street Journal
In the News

We are very close to a full blown systemic crisis of the euro area and it is the IMF's duty to make sure the situation is stabilized. The conditions in which the IMF involvement will take place are extremely challenging and unprecedented. It puts the IMF at the heart of the euro area policymaking machinery.
October 2, 2012, Domenico Lombardi, Reuters
In the News

[The Outright Monetary Transactions program] will work if the expectation of unlimited support is not altered or compromised in some way. The key word is unlimited. It has been said in words, but the actions that follow will have to be consistent.
September 25, 2012, Domenico Lombardi, Reuters
In the News

Pan-African banking leads to greater economic activity by facilitating credit and investment. African economies are growing so strongly today compared to Europe and North America thanks to enhanced financial services.
August 16, 2012, Anne W. Kamau, TIME
In the News

My sense is that Republicans will be highly critical of the Fed if it pursues additional stimulus in any form. Venturing into mortgage markets beyond buying mortgage-backed securities seems to be a step too far into fiscal policy for Fed critics.
July 26, 2012, Sarah A. Binder, Bloomberg Businessweek
Expert Q & A

World Bank Leadership Should Reflect Emerging Economies

March 28, 2012, Colin I. Bradford
Expert Q & A

Low U.S. Saving Rate Coming Home to Roost

February 9, 2012, Barry P. Bosworth
Podcast

@ Brookings Podcast: Guiding the Economy Away from Risk

November 26, 2010, Douglas J. Elliott
Podcast

@ Brookings Podcast: The Federal Reserve

November 19, 2010, Karen Dynan