Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely

Spn/10/12

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 essence of our reasoning is that the challenge... READ MORE...

Publication date: September 2010
ISBN 9781455261307
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Publication date: September 2010

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Publication date: September 2010

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