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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 2016-03-27

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: 270549

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

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