Search

Searched for VIPS.
Found 6 results.

Displaying results 1 to 6 of 6.

• Publications // 03.09.2014

  ZEWnews English edition - 07/08 - 2014

  >The Costs of China’s New Climate PolicyVIPS – Proposal for a Viable Insolvency Procedure for States in the EurozoneQ&A: The VIPS Proposal from ZEW
• Publications // 26.08.2014

  ZEW Discussion Paper - A Viable Insolvency Procedure for Sovereigns (VIPS) in the Euro Area

  Sovereigns” (VIPS). VIPS avoids any sudden measures which could destabilize the present fragile situation but carefully designs an irreversible transition towards the new regime. The VIPS proposal comprises
• 

  News // 01.08.2014

  VIPS Makes it Easier for Creditors to Estimate Maximum Losses

  – occur. The VIPS we’ve proposed helps investors reliably estimate the maximum amount they could lose. This expectation anchor can aid in the prevention of panics. A novelty about VIPS is that it’s designed [...] How do you rate the chances of euro countries’ agreeing on VIPS or on a similar debt rescheduling mechanism? Not bad. The politicians who back VIPS today would be already retired by the time it takes full [...] VIPS - the Viable Insolvency Procedure for Sovereigns - is a well-defined debt restructuring mechanism proposed by ZEW for the event of government insolvency. Friedrich Heinemann, one of the co-authors
• 

  News // 02.07.2014

  ZEW Lunch Debate in Brussels: The Architecture of an Adjustable and Stable Euro Area

  the Centre for European Economic Research, presented the VIPS reform proposal (“Viable Insolvency Procedure for Sovereigns”). The concept of VIPS was developed by ZEW economists Clemens Fuest, Friedrich [...] thus restoring market discipline. In order to avoid destabilisation of the still fragile euro area, VIPS proposes a delayed implementation of this mechanism. According to Heinemann, this integral element [...] of the macroeconomic factors responsible for the sovereign debt crisis. He went on to say that the VIPS concept proposed by the ZEW researchers indeed touched on some important aspects; however, the im
• Press Releases // 18.07.2014

  VIPS – Proposal for a Viable Insolvency Procedure for Sovereign States in the Eurozone

  problem. The study conceives and depicts a Viable Insolvency Procedure for Sovereigns (VIPS) in the eurozone. - ZEW's VIPS concept is based on two pillars: first, a contractually binding insolvency regime for [...] regime enters into force. VIPS takes a cautious approach and avoids any sudden measures that could destabilise the still fragile situation in the eurozone. Instead, the VIPS proposal opts for a transition [...] against the backdrop of high government debt levels and fragile banks. VIPS therefore proposes a lagged implementation, which we call the VIPS bridge. The regulations for the debt restructuring mechanism discussed
• Press Releases // 28.07.2015

  ZEW Researchers Present Proposal for European Fiscal Union

  ZEW has already presented a feasible concept entitled "Viable Insolvency Procedure for Sovereigns" (VIPS). To make sure the ban on monetary member-state financing will not be reduced to absurdity, insolvent [...] at least three years. Throughout these negotiations, a debt moratorium should be in place. Once the VIPS concept has been implemented, ZEW experts expect that impending eurozone exits will be prevented from