This chapter deals with current issues and policies regarding the up-dated developments of the three crises dealt with in this book: in Argentina, United States and Europe. Argentina restructured its debt in 2005 with a significant reduction, which was accepted by 76% of the creditors and resumed payment to them. In 2010 a second debt swap was offered which was accepted by another 17% of the creditors. Anyway the terms of the debt exchanges left some open questions. In the US the consequences of the Dodd-Frank Act are analyzed. Finally, in the EMU, it still remains unsolved a near-defaulting situation for Greece, while the recent quantitative easing monetary policy implemented by the ECB succeeded to calm financial markets, and created the right environment necessary to promote a new European economic recovery.
|Titolo:||Current Issues and Policies|
|Data di pubblicazione:||2016|
|Tipologia:||2.1 Contributo in volume (Capitolo o Saggio)|
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