This book offers important new insights into recent advances and perspectives in the field of political economy of development in Southeastern European countries. In addition, it provides theoretical and empirical contributions to political economy of development in an international context....

Table of Contents -- Preface -- List of Abbreviations -- 1. Introduction and Overview -- Part I: From Economic Stabilization to Budget Stabilization: Theory and Tools -- 2. From Economic Stabilization to Budget Stabilization -- 3. Subnational Government Tools for Budget Stabilization -- Part II:...

Chapter 1 Price Disequilibrium Theory -- Chapter 2 International Grid of Capital Flows: Innovation, Crisis, and Off-shore Banking -- Chapter 3 Dynamics of Government Fiscal Instability -- Chapter 4 Public and Private Debt Markets in Disequilibrium Theory -- Chapter 5 Why ‘Austerity’ Failed...

Dieses Buch stellt dar, warum wir die Europäische Währungsunion brauchen. Es plädiert für eine vertiefte Integration, ohne dabei deren mögliche Fallstricke auszublenden. Konkrete Maßnahmen werden diskutiert, um den Euro dauerhaft funktionsfähig zu machen. Neben der Verpflichtung aller...

Introduction -- A Brief Survey of the Literature -- The Closed Economy: The Solow Model -- Overlapping Generations -- Infinite Horizon -- The Small Open Economy: The Solow Model -- Overlapping Generations -- Two Countries: The Solow Model -- Synopsis -- Conclusion -- Result

Introduction -- Sustainable Public Debt: Theory and Empirical Evidence -- Debt and Growth: A Basic Endogenous Growth Model -- Productive Government Spending, Public Debt and Growth -- Government Debt and Human Capital Formation -- Debt and Growth: Empirical Evidence -- Conclusion.

The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is now developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of public debts in...

This book examines history of Russian finances in the period of Russia's transition from communism to capitalism in the 1990s and in the current decade. It focuses on obstacles to market reforms and macroeconomic policy choices that resulted in the state debt expansion and the financial crisis...

As the tensions in the Greek economy take centre stage in the international headlines, this book examines the failed policies and political corruption that have bankrupted the nation. The authors comment on recent bailouts and haircuts and explore the uncertain future of Greece in the Eurozone

Restructuring the balance sheets of Western governments, banks and households is an important issue in the recovery after the recent crisis. Chorafas' latest book focuses on sovereign debt, sovereign risk and the developing economic and financial business climate and explains why the year of the...