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Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area

Author

Listed:
  • Panayiotis Alexakis

    (National and Kapodistrian University of Athens, Greece)

  • Gikas Hardouvelis

    (University of Piraeus & Ex Minister of Finance of Greece, Greece)

  • Dean Paxson

    (University of Manchester, UK)

  • Gordon Sick

    (University of Calgary, Canada)

  • Lenos Trigeorgis

    (University of Cyprus, Cyprus & King’s College London & MIT, UK)

Abstract

This article addresses certain key issues of the Greek sovereign debt crisis and its broader economic distress and growth implications for the Euro Area. It also offers a number of remedies, including growth indexed bonds, fiscal balances over the growth cycle, structural reforms, and the use of real option analysis in relevant public policy areas involving either inefficient or growth sectors of the economy.

Suggested Citation

  • Panayiotis Alexakis & Gikas Hardouvelis & Dean Paxson & Gordon Sick & Lenos Trigeorgis, 2018. "Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area," Multinational Finance Journal, Multinational Finance Journal, vol. 22(1-2), pages 1-33, March - J.
    • Handle: RePEc:mfj:journl:v:22:y:2018:i:1-2:p:1-33
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    References listed on IDEAS

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    Cited by:

    1. Michalis-Panayiotis Papafilis & Maria Psillaki & Dimitris Margaritis, 2019. "The Effect of the PSI in the Relationship Between Sovereign and Bank Credit Risk: Evidence from the Euro Area," Multinational Finance Journal, Multinational Finance Journal, vol. 23(3-4), pages 211-272, September.

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