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.
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | EN |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/5506 |