Why Official Bailouts Tend Not to Work: An Example Motivated by Greece 2010
The authors use recent events in Greece to illustrate that official bailouts tend not to work when countries have fundamental fiscal ('insolvency') problems and construct a two-period numerical example to explain why this should not come as a surprise.
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Journal Article biblioteca |
| Language: | EN |
| Published: |
2011
|
| Subjects: | Fiscal Policy E620, Studies of Particular Policy Episodes E650, |
| Online Access: | http://hdl.handle.net/10986/5506 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Be the first to leave a comment!