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Dynamics of Government Fiscal Instability

In: Stability in International Finance

Author

Listed:
  • Frederick Betz

    (Portland State University
    SUNY Korea)

Abstract

Not only can stock markets crash in financial bubbles, nations also can collapse in government fiscal bubbles. How did the financial grid assist in making a national fiscal crisis deeper? As previously noted, international investment banking assisted Greece in hiding the size of it national debt. How did the continuously increasing debt finally trigger a fiscal crisis in Greece, depressing its economy and destabilizing governments?

Suggested Citation

  • Frederick Betz, 2016. "Dynamics of Government Fiscal Instability," SpringerBriefs in Economics, in: Stability in International Finance, edition 1, chapter 0, pages 51-64, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-26760-9_3
    DOI: 10.1007/978-3-319-26760-9_3
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