Matches in SemOpenAlex for { <https://semopenalex.org/work/W2078452593> ?p ?o ?g. }
- W2078452593 abstract "The idea that the Euro zone sovereign debt crisis was caused by structural weaknesses degenerating into fundamental macroeconomic imbalances in the peripheral countries prevails among international institutions such as the IMF, the ECB, and the European Commission. On the contrary, some economists believe that this crisis is the consequence of major deficiencies in the architecture of economic policy making in the Euro zone that did not allow a proper response to a global systemic crisis of the financial markets that started in the United States. The objective of this paper is to provide a better understanding of the public debt dynamics in the EU, differentiating the case of Euro zone peripheral countries. We used quarterly data from 2000 to 2011 to estimate a small-scale model that takes into account the interactions between key variables. Our results do not support entirely the official view. We conclude that the cause of the adverse debt dynamics unravelling after 2007 was a sharp GDP contraction, coupled with a substantial increase in the interest cost of debt finance due to higher self-fulfilling solvency risks perceived by creditors, interacting with a higher sensitiveness of Euro zone peripheral countries to fundamentals." @default.
- W2078452593 created "2016-06-24" @default.
- W2078452593 creator A5023662930 @default.
- W2078452593 creator A5027962708 @default.
- W2078452593 creator A5069767433 @default.
- W2078452593 date "2015-03-01" @default.
- W2078452593 modified "2023-09-25" @default.
- W2078452593 title "The recent sovereign debt crisis in the Euro zone: A matter of fundamentals?" @default.
- W2078452593 cites W1589468101 @default.
- W2078452593 cites W1968094009 @default.
- W2078452593 cites W1978796178 @default.
- W2078452593 cites W1978968604 @default.
- W2078452593 cites W1994701811 @default.
- W2078452593 cites W2018792429 @default.
- W2078452593 cites W2041175506 @default.
- W2078452593 cites W2052866302 @default.
- W2078452593 cites W2056964551 @default.
- W2078452593 cites W2058831970 @default.
- W2078452593 cites W2086520734 @default.
- W2078452593 cites W2094514178 @default.
- W2078452593 cites W2118062539 @default.
- W2078452593 cites W2164385160 @default.
- W2078452593 cites W2276774189 @default.
- W2078452593 cites W2797616272 @default.
- W2078452593 cites W3121723946 @default.
- W2078452593 cites W3123675599 @default.
- W2078452593 cites W3123719639 @default.
- W2078452593 cites W3124144795 @default.
- W2078452593 cites W3124178534 @default.
- W2078452593 cites W3124635171 @default.
- W2078452593 cites W3125014929 @default.
- W2078452593 doi "https://doi.org/10.1556/aoecon.65.2015.1.1" @default.
- W2078452593 hasPublicationYear "2015" @default.
- W2078452593 type Work @default.
- W2078452593 sameAs 2078452593 @default.
- W2078452593 citedByCount "3" @default.
- W2078452593 countsByYear W20784525932016 @default.
- W2078452593 countsByYear W20784525932018 @default.
- W2078452593 crossrefType "journal-article" @default.
- W2078452593 hasAuthorship W2078452593A5023662930 @default.
- W2078452593 hasAuthorship W2078452593A5027962708 @default.
- W2078452593 hasAuthorship W2078452593A5069767433 @default.
- W2078452593 hasBestOaLocation W20784525932 @default.
- W2078452593 hasConcept C10138342 @default.
- W2078452593 hasConcept C120527767 @default.
- W2078452593 hasConcept C139719470 @default.
- W2078452593 hasConcept C162324750 @default.
- W2078452593 hasConcept C17744445 @default.
- W2078452593 hasConcept C18547055 @default.
- W2078452593 hasConcept C186229450 @default.
- W2078452593 hasConcept C190974861 @default.
- W2078452593 hasConcept C199539241 @default.
- W2078452593 hasConcept C2776034101 @default.
- W2078452593 hasConcept C2778300220 @default.
- W2078452593 hasConcept C2780747039 @default.
- W2078452593 hasConcept C2910001868 @default.
- W2078452593 hasConcept C2994482091 @default.
- W2078452593 hasConcept C3020782553 @default.
- W2078452593 hasConcept C43658493 @default.
- W2078452593 hasConcept C556758197 @default.
- W2078452593 hasConcept C73283319 @default.
- W2078452593 hasConcept C94625758 @default.
- W2078452593 hasConceptScore W2078452593C10138342 @default.
- W2078452593 hasConceptScore W2078452593C120527767 @default.
- W2078452593 hasConceptScore W2078452593C139719470 @default.
- W2078452593 hasConceptScore W2078452593C162324750 @default.
- W2078452593 hasConceptScore W2078452593C17744445 @default.
- W2078452593 hasConceptScore W2078452593C18547055 @default.
- W2078452593 hasConceptScore W2078452593C186229450 @default.
- W2078452593 hasConceptScore W2078452593C190974861 @default.
- W2078452593 hasConceptScore W2078452593C199539241 @default.
- W2078452593 hasConceptScore W2078452593C2776034101 @default.
- W2078452593 hasConceptScore W2078452593C2778300220 @default.
- W2078452593 hasConceptScore W2078452593C2780747039 @default.
- W2078452593 hasConceptScore W2078452593C2910001868 @default.
- W2078452593 hasConceptScore W2078452593C2994482091 @default.
- W2078452593 hasConceptScore W2078452593C3020782553 @default.
- W2078452593 hasConceptScore W2078452593C43658493 @default.
- W2078452593 hasConceptScore W2078452593C556758197 @default.
- W2078452593 hasConceptScore W2078452593C73283319 @default.
- W2078452593 hasConceptScore W2078452593C94625758 @default.
- W2078452593 hasLocation W20784525931 @default.
- W2078452593 hasLocation W20784525932 @default.
- W2078452593 hasOpenAccess W2078452593 @default.
- W2078452593 hasPrimaryLocation W20784525931 @default.
- W2078452593 hasRelatedWork W2046004231 @default.
- W2078452593 hasRelatedWork W2118062539 @default.
- W2078452593 hasRelatedWork W2123669559 @default.
- W2078452593 hasRelatedWork W2153626424 @default.
- W2078452593 hasRelatedWork W2224808319 @default.
- W2078452593 hasRelatedWork W2273277665 @default.
- W2078452593 hasRelatedWork W2320643860 @default.
- W2078452593 hasRelatedWork W2348206985 @default.
- W2078452593 hasRelatedWork W2355045565 @default.
- W2078452593 hasRelatedWork W2356817497 @default.
- W2078452593 hasRelatedWork W2377467740 @default.
- W2078452593 hasRelatedWork W2384041982 @default.
- W2078452593 hasRelatedWork W2408141228 @default.
- W2078452593 hasRelatedWork W2409033055 @default.
- W2078452593 hasRelatedWork W2943289905 @default.