Debt, Deficits and default

Walter Eltis
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Walter Eltis: Exeter College

Chapter 11 in Britain, Europe and EMU, 2000, pp 234-252 from Palgrave Macmillan

Abstract: Abstract The economic analysis of public debt mainly describes a world where governments honour their obligations and are expected to do so. But there is also a darker history. What if governments repudiate or demand rescheduling which is tantamount to repudiation?

Keywords: Interest Rate; National Income; Real Interest Rate; Public Debt; Government Bond (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-97755-2_11

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DOI: 10.1057/9780333977552_11

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