Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It … economic policy. Given the enormous private and public debt accumulated in periphery after the single currency inception, and … the crisis, instead of solve it. Such solutions are unlikely to reduce both sovereign and external debt ratios of …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

uncertainties stemming from soaring interest rates amid record highs in debt. On the other hand, the intensifying US-China rivalry …

Foreign currency debt is widely believed to increase risks of financial crisis, especially after being implicated as a … cause of the East Asian crisis in the late 1990s. In this paper, we study the effects of foreign currency debt on currency … and debt crises and its indirect effects on short-term growth and long-run output effects in both 1880-1913 and 1973 …

model is motivated by several features of recent crises: credit risk in the form of foreign currency denominated debt …