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• W1514873005 abstract "Abstract In this paper we aim to analyze the level of sustainability of external debt and, more importantly, how it has changed for a number of E uropean economies. Given the severity of the crisis since 2008, we argue that the path of external debt burdens may have changed since the start of the crisis, given the concerns about debt accumulation in most countries. We analyze the reaction of present debt accumulation to past debt stock, incorporating the possibility of endogenously determined structural breaks in this reaction function. We find that structural breaks happen in most cases after 2008, highlighting the importance of the policy measures taken by most governments." @default.
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• W1514873005 date "2015-03-27" @default.
• W1514873005 modified "2023-10-18" @default.
• W1514873005 title "The Sustainability of <scp>E</scp> uropean External Debt: What have We Learned?" @default.
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• W1514873005 doi "https://doi.org/10.1111/roie.12175" @default.
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