Economics of Debt
By:Mark A. Petersen
Published on 2013-01-01 by Nova Science Pub Incorporated
Recently, debates about the economics of debt have been dominated by issues related to the global financial crisis. In this edited volume, the relationships between this crisis and euro zone sovereign debt, debt mechanics, the Greek economic decline, European budget rules, debt obligations, convertible bonds, household indebtedness, financial guarantees as well as proposed Basel III leverage and liquidity regulation is explored. The sovereign debt crisis and weak European economic growth has damaged the European and Monetary Union and the Euro itself. Among the causes of this crisis is rapid government debt level growth, trade imbalances, monetary policy inflexibility and loss of confidence. Moreover, the consequences involve disrupted bond markets and the banking sector, depreciation of the Euro, reduced economic growth, loss of confidence, reduced remittances, tight fiscal measures and politics. Initial crisis cures included the creation of the European Financial Stability Facility, the European, Financial Stabilization Mechanism and the Brussels Agreement. In particular, the book investigates which economic mechanisms of the currency union have managed to turn the European political and cultural heterogeneity into such severe external imbalances between the Northern and Southern euro zone. Another problem addressed is the extent to which the external debt accumulation of Southern EMU countries can be attributed to euro capital market integration. Also, we employ the most recent data on money, credit, industrial production and productivity to show that the Greek drama is an almost ideal application of the Austrian ideas. A reinforced budget rule, according to which structural budget balances must be virtually zero, has been adopted. In this edited volume, we argue that such a target can make fiscal and monetary policies pro-cyclical.
This Book was ranked at 10 by Google Books for keyword money and banking.
Book ID of Economics of Debt's Books is YSOtmwEACAAJ, Book which was written byMark A. Petersenhave ETAG "LY1du5Nh/TI"
Book which was published by Nova Science Pub Incorporated since 2013-01-01 have ISBNs, ISBN 13 Code is 9781626186422 and ISBN 10 Code is 1626186421
Reading Mode in Text Status is false and Reading Mode in Image Status is false
Book which have "320 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is falseand in ePub is false
Book Preview
Tidak ada komentar:
Posting Komentar