The Costs of Sovereign Debt and Default

Sławomir Mentzen ()

Acta Universitatis Nicolai Copernici, Ekonomia, 2012, vol. 43, issue 1, 77-89

Abstract: This paper summarizes the results of empirical studies on the effects of sovereign debt, deficit and default on the economy. The obtained results shows that excessive debt and deficit are very harmful for economic growth, as opposed to default, which tend to heal the economy and usually is the end of crisis.

Keywords: sovereign debt; default; growth (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkanc:2012:p:77-89

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