Matches in SemOpenAlex for { <https://semopenalex.org/work/W2203784472> ?p ?o ?g. }
- W2203784472 abstract "Inspired by the European debt crisis of 2010, this paper provides a theoretical framework to analyze the dynamics of sovereign debt crises in a monetary union. I assume that there is a maturity mismatch between the short maturity debt of a country and the long horizon flow of tax revenues, i.e., the need for countries to roll over their debt. A debt crisis can ensue due to doubts about the future ability and willingness for a country to keep rolling over its debt. A monetary union is a collection of such countries with a tragedy-of-the-commons dilemma regarding some common institution, such as a common currency: the default in one country also hurts the other countries in that union, creating an incentive for mutual assistance. Several issues will be addressed. A mechanism for contagion will be proposed and analyzed. The scope for mutual assistance and its ability to prevent a member default will be investigated. Trade offs regarding the participation of the private sector in such rescue operations will be discussed. Implications for the moral hazard on member countries to pursue fiscally prudent policies will be drawn." @default.
- W2203784472 created "2016-06-24" @default.
- W2203784472 creator A5074013362 @default.
- W2203784472 creator A5089753355 @default.
- W2203784472 date "2011-01-01" @default.
- W2203784472 modified "2023-09-26" @default.
- W2203784472 title "The dynamics of sovereign debt crises in a monetary union." @default.
- W2203784472 cites W1594052238 @default.
- W2203784472 cites W1611076133 @default.
- W2203784472 cites W1996928649 @default.
- W2203784472 cites W2007829444 @default.
- W2203784472 cites W2016965498 @default.
- W2203784472 cites W2081035952 @default.
- W2203784472 cites W2117132355 @default.
- W2203784472 cites W2150166394 @default.
- W2203784472 cites W2167721507 @default.
- W2203784472 cites W2250912530 @default.
- W2203784472 cites W3021017237 @default.
- W2203784472 cites W3088430126 @default.
- W2203784472 cites W3121313613 @default.
- W2203784472 cites W3121435949 @default.
- W2203784472 hasPublicationYear "2011" @default.
- W2203784472 type Work @default.
- W2203784472 sameAs 2203784472 @default.
- W2203784472 citedByCount "1" @default.
- W2203784472 countsByYear W22037844722012 @default.
- W2203784472 crossrefType "posted-content" @default.
- W2203784472 hasAuthorship W2203784472A5074013362 @default.
- W2203784472 hasAuthorship W2203784472A5089753355 @default.
- W2203784472 hasConcept C10138342 @default.
- W2203784472 hasConcept C101433766 @default.
- W2203784472 hasConcept C105639569 @default.
- W2203784472 hasConcept C106210156 @default.
- W2203784472 hasConcept C120527767 @default.
- W2203784472 hasConcept C138496976 @default.
- W2203784472 hasConcept C144133560 @default.
- W2203784472 hasConcept C15744967 @default.
- W2203784472 hasConcept C162324750 @default.
- W2203784472 hasConcept C17744445 @default.
- W2203784472 hasConcept C18547055 @default.
- W2203784472 hasConcept C186229450 @default.
- W2203784472 hasConcept C190974861 @default.
- W2203784472 hasConcept C199539241 @default.
- W2203784472 hasConcept C202189257 @default.
- W2203784472 hasConcept C2778782394 @default.
- W2203784472 hasConcept C2780202544 @default.
- W2203784472 hasConcept C2780747039 @default.
- W2203784472 hasConcept C2910001868 @default.
- W2203784472 hasConcept C29122968 @default.
- W2203784472 hasConcept C2994482091 @default.
- W2203784472 hasConcept C34447519 @default.
- W2203784472 hasConcept C43658493 @default.
- W2203784472 hasConcept C44171179 @default.
- W2203784472 hasConcept C556758197 @default.
- W2203784472 hasConcept C69637215 @default.
- W2203784472 hasConcept C94625758 @default.
- W2203784472 hasConceptScore W2203784472C10138342 @default.
- W2203784472 hasConceptScore W2203784472C101433766 @default.
- W2203784472 hasConceptScore W2203784472C105639569 @default.
- W2203784472 hasConceptScore W2203784472C106210156 @default.
- W2203784472 hasConceptScore W2203784472C120527767 @default.
- W2203784472 hasConceptScore W2203784472C138496976 @default.
- W2203784472 hasConceptScore W2203784472C144133560 @default.
- W2203784472 hasConceptScore W2203784472C15744967 @default.
- W2203784472 hasConceptScore W2203784472C162324750 @default.
- W2203784472 hasConceptScore W2203784472C17744445 @default.
- W2203784472 hasConceptScore W2203784472C18547055 @default.
- W2203784472 hasConceptScore W2203784472C186229450 @default.
- W2203784472 hasConceptScore W2203784472C190974861 @default.
- W2203784472 hasConceptScore W2203784472C199539241 @default.
- W2203784472 hasConceptScore W2203784472C202189257 @default.
- W2203784472 hasConceptScore W2203784472C2778782394 @default.
- W2203784472 hasConceptScore W2203784472C2780202544 @default.
- W2203784472 hasConceptScore W2203784472C2780747039 @default.
- W2203784472 hasConceptScore W2203784472C2910001868 @default.
- W2203784472 hasConceptScore W2203784472C29122968 @default.
- W2203784472 hasConceptScore W2203784472C2994482091 @default.
- W2203784472 hasConceptScore W2203784472C34447519 @default.
- W2203784472 hasConceptScore W2203784472C43658493 @default.
- W2203784472 hasConceptScore W2203784472C44171179 @default.
- W2203784472 hasConceptScore W2203784472C556758197 @default.
- W2203784472 hasConceptScore W2203784472C69637215 @default.
- W2203784472 hasConceptScore W2203784472C94625758 @default.
- W2203784472 hasLocation W22037844721 @default.
- W2203784472 hasOpenAccess W2203784472 @default.
- W2203784472 hasPrimaryLocation W22037844721 @default.
- W2203784472 hasRelatedWork W1605205624 @default.
- W2203784472 hasRelatedWork W2101421963 @default.
- W2203784472 hasRelatedWork W2198684065 @default.
- W2203784472 hasRelatedWork W2227550210 @default.
- W2203784472 hasRelatedWork W2346573440 @default.
- W2203784472 hasRelatedWork W2764046895 @default.
- W2203784472 hasRelatedWork W2767559327 @default.
- W2203784472 hasRelatedWork W2948023132 @default.
- W2203784472 hasRelatedWork W2954723975 @default.
- W2203784472 hasRelatedWork W3121229229 @default.
- W2203784472 hasRelatedWork W3121536484 @default.
- W2203784472 hasRelatedWork W3123140410 @default.
- W2203784472 hasRelatedWork W3123241695 @default.
- W2203784472 hasRelatedWork W3123827630 @default.