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The establishment of a European Monetary Fund (EMF) enjoys increasing academic and political support, though its advocates do not necessarily agree on the purpose and functions of such an institution. This paper aims to examine the features of the EMF that are relevant to sovereign debt...
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The correct understanding of Greece’s debt can only be obtained by using international accrual accounting standards …. This article provides some detailed answers on the rules for measuring debt and debt relief and the application to Greece. …
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This article narrates Ireland’s recent odyssey from the pride and envy of Europe to kneeling supplicant through the eyes of an econometric model of the government bond market. The exercise suggests that, in essence, two developments triggered and propelled Ireland’s drift towards sovereign...
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In summer 2018, Greece left the EU rescue umbrella. Enormous efforts were made by the Greek state and its population to …
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