Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area
33 Pages Posted: 29 Dec 2017
Date Written: December 23, 2017
This article addresses key issues of the Greek sovereign debt crisis, its broader economic distress and growth implications for the Euro Area and offers suggested remedies including growth indexed bonds, fiscal balances over a growth cycle, structural reforms, and using real option analysis in relevant public policy areas involving inefficient or growth sectors of the economy.
Keywords: Greek sovereign debt, Grexit, debt sustainability, real options, growth-indexed bonds, fiscal balance, structural reforms
JEL Classification: H63, H60, G01, G13
Suggested Citation: Suggested Citation
Alexakis, Panayotis and Hardouvelis, Gikas A. and Paxson, Dean A. and Sick, Gordon and Trigeorgis, Lenos, Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area (December 23, 2017). Available at SSRN: https://ssrn.com/abstract=3092688 or http://dx.doi.org/10.2139/ssrn.3092688
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