LOCAL PUBLIC DEBT MANAGEMENT: LESSONS FROM GREECE IN INCLUSIVE ECONOMIC PERSPECTIVE

Steven Rosefielde and Yiyi Liu ()
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Steven Rosefielde: Department of Economics, University of North Carolina at Chapel Hill, USA
Yiyi Liu: #x2020;Education Policy Initiative at Carolina, University of North Carolina, USA

The Singapore Economic Review (SER), 2018, vol. 63, issue 04, 967-980

Abstract: This paper discusses the potential dangers of adversarial debt management in China between central and local authorities. It draws lessons from Germany’s recent mishandling of the Greek debt crisis to illustrate nuances and stresses the wisdom of cooperation and mutual support in restoring balance to local Chinese finance. Inclusive economic theory provides additional insight.

Keywords: Greek crisis; Chinese local debt management; bounded rationality; hegemonic intervention; mutual support (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1142/S0217590817420061

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