Showing 1 - 10 of 14,721
Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster … solvency and closing the competitiveness gap. Yet we think Greece stands a better chance of accomplishing these goals from …
Persistent link: https://www.econbiz.de/10009387266
We study the sustainability of public debt in a closed production economy where a benevolent government chooses fiscal policies, including haircuts on its outstanding debt, in a discretionary manner. Government bonds are held by domestic agents to smooth consumption over time and because they...
Persistent link: https://www.econbiz.de/10010491142
The global financial crisis of 2007-2009 crystallized the underlying imbalances that are currently acting to tear apart the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause of the overall Euro crisis, the insolvency of the Euro area member-states...
Persistent link: https://www.econbiz.de/10013122727
Persistent link: https://www.econbiz.de/10009718702
wirtschaftliche Stabilität des gesamten Währungsraums bedroht haben. Die Zuspitzung der Krise hat ihren Ausgangspunkt in Griechenland … für das gebeutelte Griechenland grundsätzlich zu begrüßen. Die jüngste Zuspitzung hat nochmals offensichtlich gemacht … dem Ausschluss einzelner Länder aus dem Währungsraum. Die Ausgestaltung des Rettungs- und Sparprogramms für Griechenland …
Persistent link: https://www.econbiz.de/10003970480
Persistent link: https://www.econbiz.de/10010344451
Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster … solvency and closing the competitiveness gap. Yet we think Greece stands a better chance of accomplishing these goals from …
Persistent link: https://www.econbiz.de/10013117780
for the eurozone. The triple euro area crisis showed the costly consequences of ignoring the "safety trilemma". Keeping a …
Persistent link: https://www.econbiz.de/10011975765
Persistent link: https://www.econbiz.de/10011565485