Life After Debt
Subtitle: The Origins and Resolutions of Debt Crisis
Publisher: Palgrave Macmillan
Published: Jul 23, 2014
Language: eng
Format: paperback
Number of pages: 348
ISBN-13: 9781137411471
Description: "In the last 30 years economic crises have become more frequent and expensive than ever before. This volume provides a pluralistic discussion from world-renowned scholars on the international aspects of the debt crisis and prospects for resolution. It argues that current economic policies exacerbate the problem of inefficient and unstable markets as they are based on standard economic theory which focuses on equilibrium models rather than equilibrium behaviour. It provides a comprehensive evaluation of how the debt crisis has affected Western Europe, the emerging markets and Latin America, and puts forward different suggestions for recovery. The volume is divided into three parts. The first part looks at how the debt crisis has affected different regions around the world and examines lessons for Europe from the Latin American experience. The second section reviews the theory and empirical evidence of the costs of default, and analyses the restructuring process. The final section examines policies, instruments and mechanism for crisis resolution"--
Notes: Source title: Life After Debt: The Origins and Resolutions of Debt Crisis (International Economic Association Series)