| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19909 |
| 来源ID | Working Paper 19909 |
| Is It Too Late to Bail Out the Troubled Countries in the Eurozone? | |
| Juan Carlos Conesa; Timothy J. Kehoe | |
| 发表日期 | 2014-02-20 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | In January 1995, U.S. President Bill Clinton organized a bailout for Mexico that imposed penalty interest rates and induced the Mexican government to reduce its debt, ending the debt crisis. Can the Troika (European Commission, European Central Bank, and International Monetary Fund) organize similar bailouts for the troubled countries in the Eurozone? Our analysis suggests that debt levels are so high that bailouts with penalty interest rates could induce the Eurozone governments to default rather than reduce their debt. A resumption of economic growth is one of the few ways that the Eurozone crises can end. |
| 主题 | International Economics ; International Finance ; Globalization and International Relations ; Financial Economics |
| URL | https://www.nber.org/papers/w19909 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577583 |
| 推荐引用方式 GB/T 7714 | Juan Carlos Conesa,Timothy J. Kehoe. Is It Too Late to Bail Out the Troubled Countries in the Eurozone?. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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