Government Debt Default: Past, Present and Future

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F11%3A86080928" target="_blank" >RIV/61989100:27510/11:86080928 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Government Debt Default: Past, Present and Future

Original language description

It is frequently presented that government debt default will be leathal both for the creditors, for the country itself, and even for the world economy. However, history shows that debt crises and sovereign defaults are as old as sovereign borrowing itself. Moreover, none of debt defaults in the past was a cause of a world economy crisis or even collapse. The question is: Will the past be repeated today or in the future? Or is the situation in the world economy so different that we really face a threat of domino effect so high that default of one country can be transmitted through the financial sector to the world economy crisis?

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2011

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Finanční řízení podniků a finančních institucí. Sborník příspěvků z 8. mezinárodní vědecké konference

ISBN

978-80-248-2494-9

ISSN

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e-ISSN

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Number of pages

5

Pages from-to

578-582

Publisher name

VŠB - TU Ostrava

Place of publication

Ostrava

Event location

Ostrava

Event date

Sep 6, 2011

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000317550100067