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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Cottarelli, Carlo
Muut tekijät: Forni, Lorenzo, Gottschalk, Jan, Mauro, Paolo
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2010.
Sarja:IMF Staff Position Notes; Staff Position Note ; No. 2010/012
Linkit:Full text available on IMF