Jean-Charles Rochet is a former student of École Normale Supérieure (Paris) and holds a Ph.D.in Mathematical Economics from Paris – Dauphine University . His dissertation won the Arconati-Visconti award. He has taught in Paris, France (Dauphine University, ENSAE and École Polytechnique) , London, U.K. ( B.P. visiting professor, London School of Economics, 2001-02) and has visited many universities and central banks all over the world. He is a member of the Institut Universitaire de France and a Fellow of the Econometric Society since 1995. He has also been council member of European Economic Association, and associate editor of Econometrica.
Recent years have seen an explosion in sovereign debt levels, in the case of many OECD countries at least. Thus, at end 2015, the (sovereign) debt-to-GDP ratio stood at 243% in Japan, 105...
