Greek Sovereign Debt Crisis: Causes, Fiscal Adjustment Programs and Lessons for Croatia
نویسندگان
چکیده
منابع مشابه
Sovereign Debt , Structural Adjustment , and Conditionality 1
The lack of proper enforcement mechanism for sovereign debt generates a commitment failure. As a result, a sovereign may seek to improve its position in debt renegotiations and thus evade its debt obligations by reducing exports. Conditionality seeks to provide a solution to the incentive problem by addressing the commitment failure. Formalizing this argument, we show that conditionality helps ...
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ژورنال
عنوان ژورنال: Croatian Economic Survey
سال: 2016
ISSN: 1330-4860,1846-3878
DOI: 10.15179/ces.18.1.3