Greece is insolvent but illiquid. CEPS Commentary, 18 June 2015
| Data(s) |
01/06/2015
|
|---|---|
| Resumo |
In a new CEPS Commentary, Paul De Grauwe argues that the Greek government is solvent but is trapped in a liquidity dilemma in which cannot find liquidity because markets believe it cannot find liquidity. He then explores the role of the European Central Bank in this self-fulfilling problem and ask specifically whether its outright monetary transactions (OMT) programme, introduced in September 2012, should be used to ease the constraints on Greece. |
| Formato |
application/pdf |
| Identificador |
http://aei.pitt.edu/65086/1/PDG_Greece.pdf De Grauwe, Paul. and Paulson, John (2015) Greece is insolvent but illiquid. CEPS Commentary, 18 June 2015. [Policy Paper] |
| Relação |
http://www.ceps.eu/publications/greece-solvent-illiquid-what-should-ecb-do http://aei.pitt.edu/65086/ |
| Palavras-Chave | #Greece #financial crisis 2008-on/reforms/economic governance |
| Tipo |
Policy Paper NonPeerReviewed |
