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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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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This item is featured on the following reading lists or Wikipedia pages:
- Причины возникновения европейского долгового кризиса in Wikipedia Russian ne '')
- Wikipédia:Café dos tradutores/Arquivo/2012 in Wikipedia Portuguese ne '')
- Европейский долговой кризис in Wikipedia Russian ne '')
- Eurokrise in Wikipedia German ne '')
- Європейська боргова криза in Wikipedia Ukranian ne '')
- Crisis del euro in Wikipedia Spanish ne '')
- Crise da dívida pública da Zona Euro in Wikipedia Portuguese ne '')
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