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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Cottarelli, Carlo
Weitere Verfasser: Forni, Lorenzo, Gottschalk, Jan, Mauro, Paolo
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2010.
Schriftenreihe:IMF Staff Position Notes; Staff Position Note ; No. 2010/012
Online Zugang:Full text available on IMF