La répression financière est-elle la solution pour « liquider » la dette publique dans la zone euro ?
AbstractThe recent rise of the public debt limits governments’ room for manoeuvre in terms of economic policy and it seems urgent to try to slow down its progression. This paper shows that even if financial repression appears as an appealing solution for the so called peripheral countries of the euro area, it is not without creating concerns from a macro-financial point of view.
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Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 13-003.
Date of creation: 14 Jan 2013
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Find related papers by JEL classification:
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
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