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This paper compares supply and demand to assess to what extent there can be a market for GDP-linked bonds (GLBs). For the government side, simulations illustrate the debt-stabilisation property of GLBs. These simulations consider shock persistence with a VAR structure and large events with...
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, southern eurozone countries is not exclusively the consequence of out-of-control government budgets; the private sector had … eurozone countries also contributed by lending too much money to the eurozone countries concerned. Better banking regulation in … the eurozone is, therefore, essential. Nor is transferring power free of commitment for the Netherlands. At the moment …
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