Sovereign Credit Risk in the Eurozone
What is the current state of sovereign credit risk across the Eurozone? Does the recent fiscal crisis extend to other (non-Eurozone) countries? Is Greece the centre of the problem? How did the current fiscal crisis in the Euro area start? Who is behind it? How can it evolve? How can it be addressed? And, is a fiscally challenged country likely to want to leave the Eurozone? This article addresses these questions, argues that a fiscally weak country is better off in the Eurozone than outside it, and finds that a feasible policy tool can be a bailout associated with tough fiscal conditionality. It also shows that sovereign credit risk adjustment in the Eurozone can happen, using various measures, but not without â€˜fiscal painâ€™.
Volume (Year): 13 (2012)
Issue (Month): 1 (January)
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This item is featured on the following reading lists or Wikipedia pages:
- Crisis del euro in Wikipedia Spanish ne '')
- Європейська боргова криза in Wikipedia Ukranian ne '')
- Европейский долговой кризис in Wikipedia Russian ne '')
- Crise da dívida pública da Zona Euro in Wikipedia Portuguese ne '')
- Причины возникновения европейского долгового кризиса in Wikipedia Russian ne '')
- Wikipédia:Café dos tradutores/Arquivo/2012 in Wikipedia Portuguese ne '')
- Eurokrise in Wikipedia German ne '')
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