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" Debt default and democracy / "
edited by Giuseppe Eusepi, Richard E. Wagner.
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BL
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| Record Number
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856479
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| Title & Author
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Debt default and democracy /\ edited by Giuseppe Eusepi, Richard E. Wagner.
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| Publication Statement
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Cheltenham, UK ;Northampton, MA :: E. Elgar,, ©2018.
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| Series Statement
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New thinking in political economy
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| Page. NO
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1 online resource :: illustrations.
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| ISBN
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178811793X
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: 9781788117937
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1788117921
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9781788117920
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9781788117973 (eBook)
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| Notes
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Includes index.
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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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
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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
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| Abstract
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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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| Subject
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Debts, Public.
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Default (Finance)
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BUSINESS ECONOMICS / Public Finance.
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Debts, Public.
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Default (Finance)
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Microeconomics.
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| Subject
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Political economy.
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Public finance.
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| Dewey Classification
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336.34
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| LC Classification
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HJ8015
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| Added Entry
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Eusepi, Giuseppe.
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Wagner, Richard E.
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