Papers
May 8, 2009
Dealing with Debt: How to Reform the Global Financial System
| Type | Published Paper |
|---|---|
| Author(s) |
Joseph Stiglitz University Professor Department of Economics Columbia University |
Joseph Stiglitz gives an overview of the problems with the global financial system's bankruptcy procedures. He covers the role of the IMF in global market failures and the global reserve system. He suggests that a debt regime similar to Chapter 9 of the US bankruptcy code be established to deal with soverign debt.
This paper originally appeared in Harvard International Review,25(1), Spring 2003,pp.54-59.
