Deficits, Debts and Defaults - Past, Present and Future

Peter Sinclair

Discussion Papers from Department of Economics, University of Birmingham

Abstract: This paper explores the issue of whether rates of interest should and do tend to exceed rates of growth, a key determinant of debt sustainability. It goes on to consider the argument for debt renegotiation in circumstances where sustainability is in grave doubt.

Keywords: debt sustainability; debt renegotiation; default (search for similar items in EconPapers)
JEL-codes: F34 G01 H63 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2011-12
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Persistent link: https://EconPapers.repec.org/RePEc:bir:birmec:11-20

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