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Debt default and democracy

Author: Giuseppe Eusepi; Richard E Wagner
Publisher: Cheltenham, UK ; Northampton, MA : E. Elgar, ©2018.
Series: New thinking in political economy.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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 understanding of its economic consequences.
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Genre/Form: Electronic books
Additional Physical Format: Print version:
(OCoLC)1013739053
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Giuseppe Eusepi; Richard E Wagner
ISBN: 9781788117937 178811793X
OCLC Number: 1015246143
Notes: Includes index.
Description: 1 online resource : illustrations.
Contents: Front Matter; Copyright; Contents; List of figures and tables; List of contributors; Preface; Acknowledgements; PART I: PUBLIC DEBT AND INDIVIDUAL RATIONALITY; 1 De Viti de Marco vs. Ricardo on public debt: self-extinction or default?; 2 Governing the market for sovereign bailouts; 3. Political obligations: is debt special?; 4 Debt default and the limits of the contractual imagination: Pareto and Mosca meet Buchanan; PART II: MACRO CONSEQUENCES AND IMPLICATIONS OF PUBLIC DEBT; 5 Political economy of government solvency: the institutional framework for stability and sustainability 6 On some recent proposals of public debt restructuring in the Eurozone7 Economic governance in the euro area: balancing risk reduction and risk sharing; 8 Adjustments in the balance sheets: is it normal, this 'new normal'?; Index
Series Title: New thinking in political economy.
Responsibility: edited by Giuseppe Eusepi, Richard E. Wagner.

Abstract:

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  Read more...

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