We shed light on the function, properties and optimal size of austerity using the standard sovereign debt model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...

We shed light on the function, properties and optimal size of austerity using the standard sovereign debt model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...

We shed light on the function, properties and optimal size of austerity using the standard sovereign model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...

Archipelagic Economies examines the geographic dispersion of Pacific islands' populations and its socio-economic consequences. The study presents new measures of geographic dispersion that show the uniqueness of the Pacific island countries' human geography. It offers a closer look at the...

This study explores the far-reaching economic consequences emerging from the archipelagic nature of most Pacific Island countries (PICs). The dispersion of populations across thousands of miles of ocean and hundreds of islands magnifies the economic disadvantages arising from the remoteness and...

Archipelagic Economies examines the geographic dispersion of Pacific islands'populations and its socio-economic consequences. The study presents new measures of geographic dispersion that show the uniqueness of the Pacific island countries'human geography. It offers a closer look at the...