Hongda Zhong, 10 May 2016

Many assume that creditor coordination problems can only be a bad thing. In this Vox Views video, Hongda Zhong discusses the benefits of coordination problems among creditors. Such problems may create incentives for firms to pay debt back to avoid being cut out of the credit market in the future. The video was recorded in April 2016 at the First Annual Spring Symposium on Financial Economics organised by CEPR and the Brevan Howard Centre at Imperial College.

Thorvaldur Gylfason, 26 November 2015

Seven years after its crisis, Iceland has staged an economic recovery. This column suggests that despite its overall success, the current economic situation in Iceland is not devoid of problems. Insufficient competition in certain areas keeps real wages lower in Iceland compared to other Nordic countries. The current government in power seems not to have learned enough from the crash of 2008. Finally, Iceland still needs to bring to justice more of those responsible for breaking the law while breaking the banks.

Events

CEPR Policy Research