Sovereign debt, government myopia, and the financial sector

Raghuram Rajan, Viral Acharya, 24 November 2011



Why do governments repay external sovereign borrowing?

Topics: Taxation
Tags: debt, Government default

Was the euro a mistake?

Barry Eichengreen, 20 January 2009



What started as the Subprime Crisis in 2007 and morphed in the Global Credit Crisis in 2008 has become the Euro Crisis in 2009. Sober people are now contemplating whether a euro area member such as Greece might default on its debt. In addition to directly damaging bank balance sheets, this would destroy confidence in its banking and financial system.

Topics: Global economy
Tags: ECB, Eurozone breakup, global crisis, Government default

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