Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/140389 
Year of Publication: 
1993
Citation: 
[Journal:] Intereconomics [ISSN:] 0020-5346 [Volume:] 28 [Issue:] 2 [Publisher:] Nomos Verlagsgesellschaft [Place:] Baden-Baden [Year:] 1993 [Pages:] 61-68
Publisher: 
Nomos Verlagsgesellschaft, Baden-Baden
Abstract: 
There are at least two reasons why sustainability of public debt is an issue of increasing importance. First, public choice considerations show the danger of excessive use of deficit finance in a democracy. Second, the conditions of a European Monetary Union imply further incentives for deficit finance. The following paper presents various approaches to assessing the sustainability of public debt and applies them to the EC countries.
Subjects: 
EC
Persistent Identifier of the first edition: 
Document Type: 
Article
Document Version: 
Digitized Version

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