Ardagna, Silvia and Caselli, Francesco (2012) The political economy of the Greek debt crisis: a tale of two bailouts. Centre for Economic Performance special papers, CEPSP25. Centre for Economic Performance, London School of Economics and Political Science, London, UK.Full text not available from this repository.
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 (Other)|
|Additional Information:||© 2012 The Authors|
|Uncontrolled Keywords:||debt crisis, Greece, political economics|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions|
|Journal of Economic Literature Classification System:||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
|Sets:||Departments > Economics
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
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