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State contingent debt as insurance for euro-area sovereigns

Maria Demertzis and Stavros Zenios ()

Working Papers from Bruegel

Abstract: The euro-area sovereign debt crisis is receding. Europe is on a recovery path, growth is broad-based and unemployment is falling. One after the other, countries hit hardest by the crisis are exiting their adjustment programmes. However, debt remains high in most countries and future debt crises should not be ruled out. While the memories are fresh, it is a good time to think about insurance against future shocks. Such insurance...

Date: 2018-04
New Economics Papers: this item is included in nep-eec and nep-ias
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Journal Article: State Contingent Debt as Insurance for Euro Area Sovereigns (2019) Downloads
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