The political economy of the Greek debt crisis: a tale of two bailouts

Ardagna, Silvia and Caselli, Francesco ORCID: 0009-0001-5191-7156 (2012) The political economy of the Greek debt crisis: a tale of two bailouts. Centre for Economic Performance special papers (CEPSP25). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that the second bailout was not on the Pareto frontier and sketch political-economy arguments for why this may be so.

Item Type:	Monograph (Report)
Official URL:	http://cep.lse.ac.uk/
Additional Information:	© 2012 The Authors
Divisions:	Economics Centre for Economic Performance
Subjects:	H Social Sciences > HC Economic History and Conditions
JEL classification:	E - Macroeconomics and Monetary Economics > E0 - General F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance F - International Economics > F5 - International Relations and International Political Economy
Date Deposited:	23 Nov 2012 14:14
Last Modified:	01 Oct 2024 03:23
URI:	http://eprints.lse.ac.uk/id/eprint/47523

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