Showing 1 - 10 of 3,547
This paper analyzes different government debt relief programs in the European Monetary Union. I build a model and study different options ranging from debt relief to the European Stability Mechanism (ESM). The analysis reveals the following: First, patient countries repay debt, while impatient...
Persistent link: https://www.econbiz.de/10011499402
Persistent link: https://www.econbiz.de/10011715448
Persistent link: https://www.econbiz.de/10012618633
fiskalisch-zentralistischen Europäischen Währungsfonds? -- Kommt ein Schuldenerlass? -- Sind griechische „Geuros“ und … Schuldenerlass? • Sind griechische „Geuros“ und italienische „Minibots“ als Regierungsgeld die Lösung? • Warum stellen nationale …
Persistent link: https://www.econbiz.de/10013188390
This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an "accounting based" view of debt sustainability, evaluated using government borrowing rates, to a "model based" view which uses...
Persistent link: https://www.econbiz.de/10013170526
Persistent link: https://www.econbiz.de/10011783181
Persistent link: https://www.econbiz.de/10013461088
Chapter 1. Introduction -- Chapter 2. Fiscal Policy and Government Debt in the 21st Century -- Chapter 3. European Debt Crisis and Flaws of the Euro Area -- Chapter 4. Sovereign Debt Channels in the Euro Area -- Chapter 5. European Fiscal and Debt Union -- Chapter 6. Specific Characteristics of...
Persistent link: https://www.econbiz.de/10014277682
Economic theory has recently begun to consider the economic impact of narratives. Narrative economics can also be extended to the analysis of the economic-political effect of narratives in the context of the European core-periphery divide, which intensified after the European sovereign-debt...
Persistent link: https://www.econbiz.de/10014433720
Persistent link: https://www.econbiz.de/10003460729