Crises and policy responses within the political trilemma: Europe, 1929–36 and 2008–11

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منابع مشابه

Financial Crises and Political Crises∗

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Appendix to "Financial Crises and Political Crises"

PBE Type i: Neither default nor political crisis If V ≤ χL, the costs of default are always larger than the costs of servicing the debt even for the benevolent government. Then in equilibrium, the government proposes to service the debt, which is accepted by the representative agent. Hence the debt is repaid and political crisis is avoided. Neither the benevolent government nor the self interes...

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ژورنال

عنوان ژورنال: European Review of History: Revue europeenne d'histoire

سال: 2012

ISSN: 1350-7486,1469-8293

DOI: 10.1080/13507486.2012.741113