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Emergency Liquidity Assistance and Systemic Risk
(Oxford University Press, USA, 2016-12-01)
Responses to the global financial crisis that commenced in 2007 and reached its zenith in 2008 included unprecedented central bank emergency liquidity assistance (ELA) and a myriad of bailout programmes (comprising guarantees, ...
How to fill the international law lacunae in sovereign insolvency in EU law?
(European Central Bank, 2016-12-01)
In the twenty-first century sovereign debt problems are not just the domain of emerging market economies. They have also become a feature of the economic environment in a number of developed countries in particular in the ...