Arbeitspapier
Heading into trouble: A comparison of the Latin American crises and the Euro area's current crisis
We compare the experience of Latin American external debt crises, in particular the one in the 80s, with the current European one. We do so with the aim of shedding some light on the needed adjustment mechanisms. We argue for the need of much larger debt relief in Europe. To address the moral hazard problems that would arise, we propose providing such relief conditional on the reduction of both the fiscal and the current account deficits to zero as a commitment signal.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 2014-17
- Klassifikation
-
Wirtschaft
International Lending and Debt Problems
Crisis Management
National Debt; Debt Management; Sovereign Debt
- Thema
-
Sovereign Debt
Debt Crisis
Crisis Management
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ramos-Francia, Manuel
Aguilar-Argaez, Ana María
García-Verdú, Santiago
Cuadra, Gabriel
- Ereignis
-
Veröffentlichung
- (wer)
-
Banco de México
- (wo)
-
Ciudad de México
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ramos-Francia, Manuel
- Aguilar-Argaez, Ana María
- García-Verdú, Santiago
- Cuadra, Gabriel
- Banco de México
Entstanden
- 2014
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