![State contingent debt as insurance for euro-area sovereigns](https://static.wixstatic.com/media/d663ba_240be588164d46be82253dd0221ebd6f~mv2.png/v1/fill/w_320,h_240,fp_0.50_0.50,q_95,enc_auto/d663ba_240be588164d46be82253dd0221ebd6f~mv2.webp)
State contingent debt as insurance for euro-area sovereigns
My new paper with Professor Zenios on how to make progress with the euro area architecture. The euro-area sovereign debt crisis is...
![Tackling Europe’s crisis legacy: a comprehensive strategy for bad loans and debt restructuring](https://static.wixstatic.com/media/d663ba_ca860d955e684c90b42338456fb305a8~mv2.png/v1/fill/w_320,h_240,fp_0.50_0.50,q_95,enc_auto/d663ba_ca860d955e684c90b42338456fb305a8~mv2.webp)
Tackling Europe’s crisis legacy: a comprehensive strategy for bad loans and debt restructuring
Eight years after the start of Europe’s financial crisis, the legacy of non-performing loans and excessive private debt remains a key...