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What is national bankruptcy?

Author

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  • Klaus Abberger

Abstract

This contribution explains the term "national bankruptcy", a term often encountered in current public discussion, particularly with regard to the budget situation in Greece.

Suggested Citation

  • Klaus Abberger, 2010. "What is national bankruptcy?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(07), pages 37-40, April.
    • Handle: RePEc:ces:ifosdt:v:63:y:2010:i:07:p:37-40
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    File URL: https://www.ifo.de/DocDL/ifosd_2010_7_6.pdf
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    References listed on IDEAS

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    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    2. Klaus Abberger & Wolfgang Nierhaus & Shynar Shaikh, 2009. "Findings of the Signal Approach for Financial Monitoring in Kazakhstan," CESifo Working Paper Series 2774, CESifo.
    3. Carmen M. Reinhart, 2002. "Default, Currency Crises, and Sovereign Credit Ratings," The World Bank Economic Review, World Bank, vol. 16(2), pages 151-170, August.
    4. Maurice Obstfeld & Kenneth S. Rogoff, 1996. "Foundations of International Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262150476, December.
    5. Manasse, Paolo & Roubini, Nouriel, 2009. ""Rules of thumb" for sovereign debt crises," Journal of International Economics, Elsevier, vol. 78(2), pages 192-205, July.
    6. Nora Lustig, "undated". "The Mexican Peso Crisis: The Foreseeable and the Surprise," Discussion Papers 114, Brookings Institution International Economics.
    7. Mr. Axel Schimmelpfennig & Nouriel Roubini & Paolo Manasse, 2003. "Predicting Sovereign Debt Crises," IMF Working Papers 2003/221, International Monetary Fund.
    8. Jonathan Eaton & Mark Gersovitz, 1981. "Debt with Potential Repudiation: Theoretical and Empirical Analysis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(2), pages 289-309.
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    Cited by:

    1. Dirk Meyer, 2012. "The Concept of National Parallel Currencies for the Eurozone," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(16), pages 19-28, August.

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    More about this item

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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