Market failure and government failure in European debt crisis
نویسندگان
چکیده
منابع مشابه
The European debt crisis: Defaults and market equilibrium
During the last two years, Europe has been facing a debt crisis, and Greece has been at its center. In response to the crisis, drastic actions have been taken, including the halving of Greek debt. Policy makers acted because interest rates for sovereign debt increased dramatically. High interest rates imply that default is likely due to economic conditions. High interest rates also increase the...
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ژورنال
عنوان ژورنال: E3S Web of Conferences
سال: 2021
ISSN: 2267-1242
DOI: 10.1051/e3sconf/202127503025