Debt default and democracy
The original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer unde...
| Other Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
Northampton, MA
Edward Elgar Pub., Inc.
2018, 2018
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| Series: | New thinking in political economy
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| Subjects: | |
| Online Access: | |
| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
Table of Contents:
- Contents: Preface
- Part I: Public debt and individual rationality
- 1. De Viti de Marco vs. Ricardo on public debt: self-extinction or default? / Giuseppe Eusepi and Richard E. Wagner
- 2. Governing the market for sovereign bailouts / Karsten Mause
- 3. Political obligations: is debt special? / Geoffrey Brennan
- 4. Debt default and the limits of the contractual imagination: Pareto and Mosca meet Buchanan / Richard E. Wagner
- Part II: Macro consequences and implications of public debt
- 5. Political economy of government solvency: the institutional framework for stability and sustainability / Andrea Rieck and Ludger Schuknecht
- 6. On some recent proposals of public debt restructuring in the Eurozone / Ernesto Longobardi and Antonio Pedone
- 7. Economic governance in the Euro area: balancing risk reduction and risk sharing / Fabrizio Balassone, Sara Cecchetti, Martina Cecioni, Marika Cioffi, Wanda Cornacchia, Flavia Corneli and Gabriele Semeraro
- 8. Adjustments in the balance sheets - is it normal, this "new normal"? / Liviu Voinea, Alexie Alupoaiei, Florin Dragu and Florian Neagu
- Index