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Reducing debt levels without austerity: Reducing debt levels without austerity:

Reducing debt levels without austerity: - PowerPoint Presentation

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Uploaded On 2018-03-09

Reducing debt levels without austerity: - PPT Presentation

a Eurobond swap Marcus Miller University of Warwick May 2012 1 Evidence of selffulfilling crises Multiple Equilibria Spreads and debt to GDP ratio in Eurozone 2000Q12011Q3 2 Scrap Value ID: 644386

bonds debt liquidity growth debt bonds growth liquidity austerity stability problem chapter multiple fiscal swap sovereign output equilibria constraint

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