Von der Staatsverschuldung zum Staatsbankrott?

Johannes Schmidt ()

Wirtschaftsdienst, 2014, vol. 94, issue 9, 671-679

Abstract: The increase of sovereign debt and the crisis in the Eurozone led to a public discussion about the possibility and the causes of a sovereign default. This paper shows by looking at the development in the Eurozone that for a government defaulting on its debt the amount of sovereign debt is not crucial; the essential question is whether a government is able to borrow in its own currency and — if that is not the case — the amount of international debt of the whole country. This leads to important conclusions for European economic policy. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Keywords: E44; E58; F34; H63 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10273-014-1732-4 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:wirtsc:v:94:y:2014:i:9:p:671-679

Ordering information: This journal article can be ordered from
http://www.springer. ... policy/journal/10273

DOI: 10.1007/s10273-014-1732-4

Access Statistics for this article

Wirtschaftsdienst is currently edited by Christian Breuer

More articles in Wirtschaftsdienst from Springer, ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().