Aitor Erce is a Principal Economist at the European Stability Mechanism. Aitor holds a MSc from CEMFI and a PhD from the European University Institute. His research interests include sovereign risk, debt restructuring, official lending, crises resolution, international finance and fiscal policy. Since 2012, Aitor is an associate researcher at the Dallas Fed’s Globalization and Monetary Policy Institute and, since 2013, an affiliate researcher with Warwick University’s IMF Research Network.