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...

Descripción completa

Detalles Bibliográficos
Autor principal: Cottarelli, Carlo
Otros Autores: Forni, Lorenzo, Gottschalk, Jan, Mauro, Paolo
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2010.
Colección:IMF Staff Position Notes; Staff Position Note ; No. 2010/012
Acceso en línea:Full text available on IMF