Default in Today's Advanced Economies : Unnecessary, Undesirable, and Unlikely /

This note summarizes the main arguments put forward by some market commentators who argue that default is inevitable, and presents a rebuttal for each argument in turn. Their main arguments focus on the size of the adjustment and continued market concerns reflected in government bond spreads. The es...

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Autore principale: Cottarelli, Carlo
Altri autori: Forni, Lorenzo, Gottschalk, Jan, Mauro, Paolo
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2010.
Serie:IMF Staff Position Notes; Staff Position Note ; No. 2010/012
Accesso online:Full text available on IMF