Aufsätze Ökonomik

Aufsätze Pädagogik

Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

Abhandlungen über Johann Heinrich Jung-Stilling

Nachtodliche Belehrungen zur Ökonomik

Nachtodliche Belehrungen zu Persönlichkeiten

Nachtodliche Belehrungen zur Philosophie

Nachtodliche Belehrungen zur Theologie

Nachtodliche Belehrungen zu verschiedenen Themen


Prague communiqué

At its meeting in Prague in September 2000, the International Monetary and Financial Committee of the International Monetary Fund (IMF) decided that, in the event of a sovereign default, private creditors should henceforth also share the burden. There is to be no more preferential treatment of creditor groups. – The purpose of the regulation is to prevent private lenders from lending to a country that is already facing sovereign default (e.g. Argentina in 2000, Brazil in 2002) in the expectation that the bad debts will be satisfied by others (practically the IMF). – See London procedure, moral hazard, risk enhancement, subjective, debt repayment mechanism, independent, sovereign debt, denied, debt rescheduling clauses, asset levy.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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