In January 1995, U.S. President Bill Clinton organized a bailout for Mexico that imposed penalty interest rates and … Central Bank, and International Monetary Fund) organize similar bailouts for the troubled countries in the Eurozone? Our … analysis suggests that debt levels are so high that bailouts with penalty interest rates could induce the Eurozone governments …

. Calibrated to Eurozone data, the model is consistent with key long-run and debt-crisis statistics. Defaults are rare (1.2 percent …

We analyze the determinants and the long-run consequences of government interventions in the eurozone banking sector … an econometric approach that addresses the endogeneity associated with governmental bailout decisions in identifying …

together, China's overseas bailouts correspond to more than 20 percent of total IMF lending over the past decade and bailout …