Dynamics of Government Fiscal Instability

Frederick Betz
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Frederick Betz: Portland State University

Chapter Chapter 3 in Stability in International Finance, 2016, pp 51-64 from Springer

Abstract: Abstract Not only can stock markets crash in financial bubbles, nations also can collapse in government fiscal bubbles. How did the financial grid assist in making a national fiscal crisis deeper? As previously noted, international investment banking assisted Greece in hiding the size of it national debt. How did the continuously increasing debt finally trigger a fiscal crisis in Greece, depressing its economy and destabilizing governments?

Keywords: Gross Domestic Product; Budget Deficit; System Dynamic Model; Bond Market; Shadow Economy (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-26760-9_3

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DOI: 10.1007/978-3-319-26760-9_3

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