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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Bibliografske podrobnosti
Glavni avtor: Cottarelli, Carlo
Drugi avtorji: Forni, Lorenzo, Gottschalk, Jan, Mauro, Paolo
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2010.
Serija:IMF Staff Position Notes; Staff Position Note ; No. 2010/012
Online dostop:Full text available on IMF