Autore: Christodoulakis, Nicos
Titolo: Debt dynamics in a small open economy
Periodico: European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1990 - Fascicolo: 11 - Pagina iniziale: 1 - Pagina finale: 41

The paper first examines how the growth rate conditions for sustainable deficits are applied to economies with both domestic and foreign debt and to alternative exchange rate regimes. These conditions are then analysed in the case of Greek economy in the 1980s. The impact of the fiscal expansion of 1981 - 1985 and the devaluation of 1985 on the already accumulating process of debt are studied and conclusions are drawn about the direction of sustainable policies.


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Testo completo: http://hdl.handle.net/1814/350

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