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of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt …
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of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt …
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structural imbalances of the eurozone is of vital importance. …
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restructuring of any foreign eurozone country. Debt will not be forgiven: individual states will agree to buy it back from the ECB …
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sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability … narrative shock scenarios; (ii) a stochastic DSA, providing for a probabilistic approach to debt sustainability; and (iii) other … summarised in a heat map, which can provide guidance on the overall assessment of risks to debt sustainability. This method …
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an unrealistig level to achieve debt sustainability soley on the basis of reforms.The authors therefore view a …
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Introduction: Managing Complexity -- The Path to European Monetary Union -- The Evolution of the Debt Crisis -- Economic Impact of the Euro: Who Benefits? -- Re-assessing the Criteria for an Optimum Currency Area in Europe -- What Went Wrong with Public and Macroeconomic Stabilization? -- Policy...
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