Against the backdrop of the Greek three-act tragedy, we present a theoretical framework for studying Greece’s recent … debt and currency crisis. The model is built on two essential blocks: first, erratic macroeconomic policymaking in Greece … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area …

Despite the fact that Argentina has been suffering from recession for years the timing and severity of the recent … was poor in the case of Argentina. …