A Mutual Debt Cut Algorithm for a Group of Countries

摘要

In the recent years the financial debate has focused on the national debt of the countries. These debts consist of different debts to banks, institutions and other countries. In the current work we investigate a method for a mutual national debt cut amongst a group of countries using as a deposit capital equal to the minimum of the debts within the group. The only condition is that all countries own and possess debt within the group. The deposit capital is circulated to repay the debts. At the end remains intact, it works in fact as a catalyst. The algorithm introduced in this paper is based on a simple transfer table. The advantage of the algorithm is that it is not actually based on financial resources. On the other hand depends on countries will for cooperation.