Barth James R.; Tong, Li; Apanard, Prabhavivadhana - In: Global Economy Journal 11 (2011) 4, pp. 1-15
Greece's debt-to-GDP ratio is reaching unsustainable levels. But why should the debt load of such a small country cause such outsized tremors in global financial markets?Greek debt may be relatively small, but a sufficient amount is held by a few major banks in Europe to cause disruptions to the...