Sustainability of national debt in Europe

There are at least two reasons why sustainability of public debt is an issue of increasing importance. First, public choice considerations show the danger of excessive use of deficit finance in a democracy. Second, the conditions of a European Monetary Union imply further incentives for deficit finance. The following paper presents various approaches to assessing the sustainability of public debt and applies them to the EC countries.

MoreLess

Year of publication:	1993
Authors:	Heinemann, Friedrich
Published in:	Intereconomics. - Baden-Baden : Nomos Verlagsgesellschaft, ISSN 0020-5346. - Vol. 28.1993, 2, p. 61-68
Publisher:	Baden-Baden : Nomos Verlagsgesellschaft
Subject:	EC

freely available

Full text |

More access options

doi.org

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/BF02928105 [DOI] 870484788 [GVK] hdl:10419/140389 [Handle] RePEc:spr:intere:v:28:y:1993:i:2:p:61-68 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011470585