Debt Sustainability

Dimitris N. Chorafas

Chapter 6 in Financial Cycles, 2015, pp 109-130 from Palgrave Macmillan

Abstract: Abstract Since the Treaty of Westphalia of 1648, the sovereignty of states has been sacrosanct. That treaty more or less amounted to an international agreement that nations are open to attack only when they do something that threatens or harms others. By contrast, under the Bush and Obama doctrines it is sufficient to get a favorable UN vote in order to attack other states without even declaring war.

Keywords: Central Bank; Asylum Seeker; Public Debt; Budget Deficit; Financial Cycle (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49798-7_6

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DOI: 10.1057/9781137497987_6

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