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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Belke, Ansgar | en |
dc.contributor.author | Dreger, Christian | en |
dc.date.accessioned | 2012-08-27 | - |
dc.date.accessioned | 2012-08-27T12:57:02Z | - |
dc.date.available | 2012-08-27T12:57:02Z | - |
dc.date.issued | 2011 | - |
dc.identifier.isbn | 978-3-86788-318-4 | en |
dc.identifier.uri | http://hdl.handle.net/10419/61441 | - |
dc.description.abstract | The Greek government budget situation plays a central role in the debt crisis in the euro area. The debt to GDP ratio is above 150 percent, while the deficit to GDP ratio exceeds 10 percent. To re-establish the Maastricht criteria, respectively, strong consolidation measures need to be implemented, with potential adverse effects on the Greek economy, and further credit requirements. Therefore, a debt conversion might become a reasonable alternative. The aim of this paper is to provide some simulation-based calculations on the expected fiscal costs for the governments in the large European countries Germany, France, Spain and Italy arising from different policy options - among them a second Greek rescue package. Under realistic conditions, a debt conversion may be the less costly strategy for Greece and the euro area partner states. A value-added of these calculations lies in a potential transfer to smaller euro area member countries. | en |
dc.language.iso | eng | en |
dc.publisher | |aRheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI) |cEssen | en |
dc.relation.ispartofseries | |aRuhr Economic Papers |x273 | en |
dc.subject.jel | F33 | en |
dc.subject.jel | F34 | en |
dc.subject.jel | H63 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Euro area debt crisis | en |
dc.subject.keyword | debt conversion | en |
dc.subject.keyword | Greece | en |
dc.title | Ramifications of Debt Restructuring on the Euro Area – The Example of Large European Economies' Exposure to Greece | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 72228831X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:rwirep:273 | en |
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